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.
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