NZ dollar tumbles vs. Aussie in flip-flop trade after stronger jobs data

Thu, 16 Apr 2015

By Jonathan Underhill April 16 (BusinessDesk) - The New Zealand dollar tumbled about 1 Australian cent, having flirted with another attempt at parity this week, after figures showed the jobless rate fell in Australia last month as the economy added jobs. The New Zealand dollar fell to 97.85 Australian cents as at 5pm in Wellington, from 98.84 cents at the start of the day and from 99.03 cents late yesterday. The kiwi rose to 75.90 US cents from 75.20 cents yesterday. Australia’s jobless rate unexpectedly fell to 6.1 percent in March fr...

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