NZ dollar sinks after RBNZ's veiled threat to cut rates, drops against Aust dollar on jobs data

Thu, 14 Mar 2013

By Paul McBeth March 14 (BusinessDesk) - The New Zealand dollar sank to a four-month low against the greenback after the Reserve Bank threatened to cut interest rates if the currency appreciates unreasonably, and tumbled to a two-month low versus the Australian dollar after better than expected jobs figures across the Tasman. The kiwi fell to 81.74 US cents at 5pm in Wellington from 82.60 cents immediately before the RBNZ release and 82.50 cents yesterday. The local currency sank to 78.84 Australian cents from 79.33 cents before the jobs dat...

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