The New Zealand dollar moved higher against its Australian counterpart in today's session, thanks in part to the release of labour and employment data, a dealer said.
At 5pm, the kiwi was at A91.86c, having started at A91.13c at 8.30am and ranging between A91.16c and A91.45c during the session.
The kiwi-aussie cross closed at A91.76c yesterday.
BNZ currency strategist Sue Trinh said the kiwi had started today's session on its lows.
"It held steady... and with the release of the New Zealand wages data (this morning), which came in quite firm, we saw a fair bit of kiwi-aussie buying," Ms Trinh told NZPA today.
"That cross (the kiwi-aussie) recovered from its lows as a result."
Statistics New Zealand today confirmed that labour costs rose 0.7 per cent in the December quarter, slightly higher than economists' forecasts.
That meant the annual 2.5 per cent rise in labour costs was the highest in nearly eight years.
Meanwhile, the kiwi was buying US70.12c (US70.75c), having started at US70.19c and trading as low as US69.93c.
The aussie was at US76.65c (US77.10c), the greenback was at 105.02 yen (104.21), and the euro was at US$1.2765 (US$1.2830).
On its other major crosses, the kiwi was 0.5515 euro (0.5515), 37.75 British pence (37.78), 73.62 yen (73.72) and 0.8584 Swiss francs (0.8590).
The monetary conditions index was at plus 916 (941) while the trade weighted index (TWI ) was at 68.96 (69.21).
On the money markets, 90-day bank bill yields were at 6.80 per cent (6.79), November 2006 bond yields were at 6.37 per cent (6.36), July 2009s were unchanged at 6.08 per cent, and April 2015s were at 5.92 per cent (5.94).
- NZPA
Currency: Kiwi gains against Aussie and Greenback on wages data
AdvertisementAdvertise with NZME.