BLBG:Aussie, N.Z. Dollars Erase Earlier Declines as Asian Stocks Extend Gains
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.
To contact the reporter on this story: Kristine Aquino in Singapore at kaquino1@bloomberg.net
To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net
