NZ dollar rises against Aussie after tepid wage data across Tasman

Wed, 15 Nov 2017

By Rebecca Howard Nov. 15 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after Australian wages accelerated by less than expected in the third quarter, despite a lift in the minimum wage. The kiwi was trading at 90.56 Australian cents as at 5pm in Wellington from 89.99 cents late yesterday. It was at 68.71 US cents from 68.68 cents yesterday. Australian wages rose a seasonally adjusted 0.5 percent on the quarter and 2.0 percent from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists h...

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