NZ dollar touches two-week low vs. Aussie as Australian economic outlook improves

Thu, 14 Apr 2016

By Tina Morrison April 15 (BusinessDesk) - The New Zealand dollar touched its lowest level in more than two weeks against the Aussie dollar after upbeat Australian employment data yesterday boosted investor optimism about the outlook for the economy. The kiwi hit 88.86 Australian cents and was trading at 89.06 cents at 8am in Wellington, from 89.38 cents at 5pm yesterday. The local currency edged up to 68.52 US cents from 68.42 cents yesterday. The Australian dollar rose after a report yesterday showed the jobless rate unexpectedly dro...

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