Australian Dollar Touches One-Month High Versus Yen; Kiwi Falls
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Australia’s dollar touched the strongest level in a month versus the Japanese currency after Chinese retail sales were higher than forecast.
New Zealand’s dollar weakened against most of its major counterparts as global equity prices fell and before the central bank reports credit-card spending for September. The South Pacific currencies were buoyed after data showed China’s industrial production accelerated in September, boosting prospects for exports.