Aussie Falls Versus Yen on Speculation Intervention Is Unlikely
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The Australian dollar fell against the yen on speculation Japan’s officials are not ready to weaken their currency, damping demand for the South Pacific nation’s higher-yielding assets.
Australia’s currency, known as the Aussie, slid versus all of its 16 major counterparts after government reports showed skilled vacancies fell in August and wage growth slowed in the second quarter. That fueled concern the central bank will leave interest rates unchanged for the next 12 months. The New Zealand dollar rose for a third day versus the greenback, breaking through its 50-day moving average of 71.22 U.S. cents.