Economics
Aussie Dollar Halts Drop as Data Shows Factory Growth in China
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The Australian dollar snapped a two-day decline after a private report showed China’s manufacturing expanded for the first time in 13 months.
The so-called Aussie and the New Zealand dollar touched seven-month highs versus the yen after Asian stocks climbed, boosting the allure of higher-yielding assets. Demand for the South Pacific currencies was limited before purchasing managers indexes that economists say will indicate the euro area’s services and manufacturing industries shrank for a 10th month.