Bloomberg News

N.Z. Dollar Declines, Australian Currency Pares Earlier Gain

September 25, 2011

Sept. 26 (Bloomberg) -- The New Zealand dollar weakened versus its U.S. counterpart and the Australian currency pared earlier gains as Asian stocks declined.

The so-called kiwi dropped to 77.35 U.S. cents at 10:35 a.m. in Sydney from 77.66 cents on Sept. 23 in New York. The Australian dollar bought 97.90 U.S. cents from 97.79 cents, after earlier rising as high as 98.66 cents.

The MSCI Asia Pacific index of stocks fell 0.5 percent.

To contact the reporter on this story: Kristine Aquino in Singapore at kaquino1@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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