Aussie Dollar Gains Versus Peers on Chinese Economic Data
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Australia’s dollar gained against most of its major counterparts as a leading indicator for China’s economy rose in August, improving trade prospects for the South Pacific nation.
The Australian and New Zealand currencies erased declines after the Conference Board said its leading economic index for China rose 1.7 percent to 240.4 in August from the previous month. Demand for the so-called Aussie and kiwi dollars was limited amid concern disagreement among the euro region’s leaders is curbing prospects for growth.