Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Australian Dollar Rises After Payrolls Gain More Than Forecast

Don't Miss Out —
Follow us on:

Aug. 10 (Bloomberg) -- The Australian dollar touched a four-month high for the third day this week as data showed the nation’s employers added more jobs in July than forecast.

The currency’s gains were limited as global risk appetite ebbed and U.S. stocks fluctuated. New Zealand’s currency fell against most of its 16 major counterparts as the nation’s unemployment rate rose to the highest level since 2010.

The Aussie dollar gained 0.1 percent to $1.0580 yesterday in New York and reached $1.0613, the highest level since March 20. The currency rose 0.2 percent to 83.14 yen.

New Zealand’s dollar, nicknamed the kiwi, for fell a third day, dropping 0.5 percent to 81.19 U.S. cents. It fell 0.2 percent to 63.80 yen.

Australian payrolls increased by 14,000, the statistics bureau said in Sydney yesterday, exceeding the 10,000 predicted in a Bloomberg News survey. The jobless rate fell to 5.2 percent from a revised 5.3 percent in June.

Employment unexpectedly fell in New Zealand in the second quarter, according to the country’s statistics agency in Wellington. Payrolls declined 0.1 percent from the first quarter, when they rose 0.4 percent. Economists surveyed by Bloomberg News forecast a 0.4 percent gain. The jobless rate increased to 6.8 percent, from 6.7 percent, exceeding the median economist estimate of 6.5 percent.

The Standard & Poor’s 500 Index ended the day up less than 0.1 percent after falling 0.2 percent and rising 0.3 percent.

To contact the reporter on this story: Lindsey Rupp in New York at lrupp2@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.