Aussie Dollar Touches 12-Week Low After Jobs Data; Kiwi Declines

Australia’s dollar touched the weakest level since November after employment data failed to signal improvement that would rule out further easing by the central bank to support the economy.

The so-called Aussie swayed between gains and losses after the figures showed a lower-than-expected unemployment rate and an increase in payrolls. The number of full-time jobs declined while part-time employment increased, according to the report. The Reserve Bank of Australia said this week the inflation outlook “would afford scope to ease policy further” after it kept borrowing costs at a half-century low. New Zealand’s dollar slid on data showing that employers cut jobs.