Bloomberg News

Aussie, N.Z. Dollars Erase Earlier Drops Versus U.S. Currency

September 26, 2011

Sept. 27 (Bloomberg) -- The Australian and New Zealand currencies erased earlier losses against the U.S. dollar as Asian stocks extended gains.

The Australian dollar bought 98.36 U.S. cents at 11:33 a.m. in Sydney from 98.33 cents yesterday, after earlier falling to as low as 97.77 cents. The so-called kiwi fetched 78.01 cents from 78.02 cents. It previously touched a low of 77.67 cents.

The MSCI Asia Pacific Index of stocks rose 2.5 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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