Bloomberg News

Australia, N.Z. Dollars Pare Early Losses as Asia Stocks Rebound

September 20, 2011

Sept. 21 (Bloomberg) -- The Australian and New Zealand dollars pared earlier losses as Asian stocks snapped a two-day decline, supporting demand for higher yielding currencies.

The Aussie was little changed at $1.0275 as of 10:16 a.m. in Sydney from $1.0276 in New York yesterday, after earlier declining as much as 0.4 percent. New Zealand’s dollar was at 82.28 U.S. cents from 82.42 cents.

The MSCI Asia Pacific Index of shares rose 0.2 percent.

To contact the reporter on this story: Monami Yui in Tokyo at myui1@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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