The Australian dollar fell broadly on Thursday, taking its New Zealand counterpart with it as well, after an unexpected drop in employment prompted markets to price in more chance of an interest rate cut next month.
The Aussie dropped around half a cent to a session low of $1.0175 after a closely watched employment report showed a fall of 27,000 jobs, all due to losses in full-time employment. Analysts polled by Reuters had expected a flat outcome. The New Zealand dollar was testing support around $0.7930, after being knocked more than a third of a cent to a near-two week low.