NZ dollar reaches 8-year high vs. Australian dollar after jobs figures disappoint

Thu, 16 Jan 2014

By Paul McBeth Jan 16 (BusinessDesk) - The New Zealand dollar climbed to a new eight-year high against its trans-Tasman counterpart after disappointing Australian jobs figures underlined the divergence between the neighbouring economies. The kiwi rose as high as 94.52 Australian cents, trading at 94.45 cents at 5pm in Wellington from 93.40 cents yesterday. It was little changed at 83.29 US cents at 5pm from 83.32 cents at 8am and 83.36 cents yesterday. The number of Australian jobs dropped by 22,600 in December, falling short of an expecte...

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