Bloomberg News

N.Z., Australian Dollars Strengthen as Asian Stocks Rally

December 20, 2011

Dec. 21 (Bloomberg) -- The New Zealand and Australian dollars extended gains from yesterday as Asian stocks rallied, supporting demand for higher-yielding assets.

The so-called kiwi climbed 0.2 percent to 76.96 U.S. cents as of 11:14 a.m. in Sydney. The Aussie added 0.1 percent to $1.0094. The MSCI Asia Pacific Index rose 1.1 percent.

To contact the reporter on this story: Rocky Swift in Tokyo at rswift5@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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