Aussie Halts Gain, Yields Fall on Retail Data; Kiwi Rises
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Australia’s dollar snapped a three-day gain after government data showed the nation’s retail sales unexpectedly declined.
The country’s bonds advanced amid speculation the Reserve Bank of Australia will cut interest rates by March to support the economy. New Zealand’s dollar rose against all its major counterparts after data showed building approvals for detached houses surged to the highest in more than two years.