NZ dollar soars vs. Aust as RBNZ flags rate hike next year, Aussie jobs weak

Thu, 12 Sep 2013

By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar jumped more than 1 Australian cent against its trans-Tasman counterpart after the Reserve Bank signalled sharper rate hikes are coming next year, and as weaker employment in Australia kept alive the prospect of another rate cut across the Tasman. The kiwi climbed to 87.84 Australian cents at 5pm in Wellington from 86.62 cents at 8am and 86.58 cents yesterday. The kiwi climbed to 81.28 US cents at 5pm from 80.81 cents at 8am and 80.35 cents yesterday. Reserve Bank governor Grae...

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