NZ dollars falls vs Aussie on strong Australian jobs, still firm against greenback

Thu, 14 Dec 2017

By Rebecca Howard Dec. 14 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after jobs figures across the Tasman beat expectations, but held near a two-month high against a weaker greenback after the Federal Reserve continued to signal muted inflation. The kiwi dropped to 91.30 Australian cents as at 5pm in Wellington from 91.77 cents late yesterday. It rose to 70.01 US cents from 69.54 cents late yesterday after touching 70.23, the highest since Oct. 19. The local currency lost ground against the Aussi...

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