NZ dollar rises as aussie employment data disappoints

Thu, 17 Jan 2013

Jan 17 (BusinessDesk) - The New Zealand dollar rose against an Australian dollar undermined by a weak employment report on Thursday. The kiwi was at 79.86 Australian cents at 5pm, up from 79.49 cents at 8am and 79.63 cents at 5pm on Wednesday. The rise came after the Australian employment data came out at 1.30pm NZ time. “The important number to look at was jobs growth and the jobs added or shedded. The consensus was for adding 5,000 and the result was shedding 5,500,” Imre Speizer, senior markets strategist at Westpac said. “It was not a ma...

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