NZ dollar rises against Australian dollar on soft Aussie wage data

Wed, 16 May 2018

By Rebecca Howard May 16 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as data across the Tasman continued to point to weak wage inflation and therefore no reason to lift rates anytime soon. The kiwi traded at 91.83 Australian cents as at 5pm in Wellington from 91.77 cents as at 8am and late yesterday. It was at 68.64 US cents from 68.56 US cents as at 8am in Wellington and 68.92 cents late yesterday. Australian wages rose 0.5 percent in the March quarter while annual wage growth was 2.1 percent according...

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