Bloomberg News

Australian, N.Z. Dollars Strengthen, Erasing Earlier Declines

October 12, 2011

Oct. 12 (Bloomberg) -- The Australian and New Zealand dollars strengthened, erasing earlier declines versus their U.S. and Japanese counterparts.

The Australian currency rose 0.1 percent to 99.62 U.S. cents at 5:32 p.m. in Sydney, after earlier falling as much as 0.9 percent. It climbed 0.2 percent to 76.44 yen, after dropping 0.8 percent.

New Zealand’s currency, nicknamed the kiwi, appreciated 0.4 percent to 78.31 U.S. cents and 0.5 percent to 60.07 yen. It previously declined by as much as 0.7 percent against the dollar and 0.6 percent versus the yen.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

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


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