Bloomberg News

Aussie, Kiwi Strengthen as Asian Stock Gains Boost Yield Demand

July 13, 2011

July 13 (Bloomberg) -- The Australian and New Zealand dollars strengthened as gains in Asian shares boosted demand for higher-yielding assets.

The so-called Aussie climbed 0.3 percent to $1.0626 as of 10:42 a.m. in Sydney from yesterday in New York. The kiwi rose 0.6 percent to 82.28 U.S. cents.

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net


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