Australian Dollar Rises to Most in 8 Months Versus Yen on Risk
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The Australian dollar rose to the strongest in more than eight months versus the yen as German ZEW investor confidence climbed, spurring demand for riskier assets.
New Zealand’s dollar gained to the strongest in nine months versus the U.S. currency as 48 of 49 economists surveyed by Bloomberg News expect the Federal Reserve to announce tomorrow it will expand its balance sheet. The gains in the Aussie were limited after a report yesterday showed the nation’s business confidence plunged to the lowest level since 2009.