Aussie, Kiwi Dollars Rise on Growth Prospects After BOJ
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The Australian and New Zealand dollars rose against their U.S. counterpart after the Bank of Japan said it would expand monetary stimulus, boosting prospects for global growth.
Both currencies rose briefly against the yen after Japan’s central bank said it would set a 2 percent inflation target and shift to Federal Reserve-style open-ended asset purchases in its strongest commitment yet to ending two decades of deflation. Japan is Australia’s second-largest trading partner.