N.Z. Dollar Rallies Versus Peers Amid Japan Stimulus Speculation
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New Zealand’s dollar rose versus all of its 16 most-traded peers amid speculation Japan will increase spending to bolster its economy, supporting demand for higher-yielding assets.
Australia’s dollar approached the strongest in more than two weeks versus its U.S. counterpart as commodities gained. Both the Aussie and the New Zealand currency, called the kiwi, touched for a second day the highest level against the yen in more than four years. A report due this week is forecast to show an increase in retail sales in Australia.