Aussie Dollar Slides After Drop in Jobs; Kiwi Falls on Prices
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Australia’s dollar fell for the first time in three days against its U.S. counterpart after a government report showed the nation’s employers unexpectedly cut jobs in December.
New Zealand’s dollar, nicknamed the kiwi, slid from the highest level in 11 weeks after consumer prices unexpectedly dropped in the fourth quarter. The Aussie fell against all of its 16 most-traded peers except the yen and kiwi before a Jan. 25 report on consumer prices that may prompt investors to increase bets on an interest-rate cut next month from the Reserve Bank of Australia.