Bloomberg News

Australian, New Zealand Dollars Erase Earlier Declines

October 14, 2011

Oct. 14 (Bloomberg) -- The Australian and New Zealand currencies erased earlier losses versus their U.S. and Japanese counterparts.

Australia’s dollar was little changed from yesterday at $1.0194 at 3:20 p.m. in Sydney after earlier dropping as much as 0.5 percent. It bought 78.40 yen from 78.37, trimming an earlier decline of 0.4 percent.

The so-called kiwi rose 0.1 percent to 79.64 U.S. cents and 61.22 yen. It previously weakened as much as 0.6 percent against both the yen and the dollar.

To contact the reporter on this story: Benjamin Purvis in Sydney at bpurvis@bloomberg.net

To contact the editor responsible for this story: Naoto Hosoda at nhosoda@bloomberg.net


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