Australian dollar touches 7-week high against kiwi

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters

Aussie advanced to its seven-week high against the New Zealand's dollar and traded up versus its major peers amid improving employment in Australia, and expectations on Reserve Bank to cut borrowing costs in December. The Australian dollar gained 0.2% to NZ$1.2740, after peaking to NZ$1.2748 earlier. Meanwhile, the kiwi lost to the U.S. dollar, by dropping 0.2% to 81.67 cents on soaring unemployment.

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Thu, 08 Nov 2012 08:49:28 GMT

Jobless rate in New Zealand rose to a 13-year high

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