The New Zealand dollar has surged to its highest level in more than eight years against its Australian counerpart after weaker than expected Australian jobs figures.
Photo: AFP
The Kiwi traded as high as 94.52 Australian cents on Thursday, up nearly 1c from just before figures were released showing that Australian jobs unexpectedly fell in December last year.
Australia's jobless rate remains at 5.8% - but only because its participation rate fell to a near eight-year low.
