Bloomberg News

Australian, N.Z. Dollars Advance as Asian Stocks Erase Decline

March 29, 2012

The Australian and New Zealand dollars advanced as Asian shares erased an early decline, supporting demand for higher-yielding assets.

The Aussie rose 0.2 percent to $1.0409 as of 1 p.m. in Sydney, while New Zealand’s kiwi dollar gained 0.3 percent to 81.95 U.S. cents. The MSCI Asia Pacific Index rose 0.1 percent.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

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


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