Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Australian Dollar Touches One-Month High Versus Yen; Kiwi Falls

Oct. 19 (Bloomberg) -- Australia’s dollar touched the strongest level in a month versus the Japanese currency after Chinese retail sales were higher than forecast.

New Zealand’s dollar weakened against most of its major counterparts as global equity prices fell and before the central bank reports credit-card spending for September. The South Pacific currencies were buoyed after data showed China’s industrial production accelerated in September, boosting prospects for exports.

“The data supports our long-held view of a soft landing in China, which is supportive of currencies like the Canadian dollar and Australian dollar,” Camilla Sutton, head of currency strategy at Bank of Nova Scotia in Toronto, wrote to clients yesterday.

The Australian currency rose as much as 0.7 percent to 82.522 yen, the highest since Sept. 19, before trading 0.3 percent higher at 82.174 yesterday in New York. It fell 0.2 percent to $1.0366.

New Zealand’s currency declined 0.4 percent to 81.84 U.S. cents and was little changed at 64.88 yen.

The Standard & Poor’s 500 Index fell 0.2 percent and the MSCI World Index was little changed.

China’s gross domestic product expanded 7.4 percent during the third quarter from a year earlier, the National Bureau of Statistics said in Beijing yesterday. That matched the median estimate in a Bloomberg News survey of 43 economists.

Separate reports showed industrial production increased 9.2 percent in September from a year earlier, retail sales advanced 14.2 percent and fixed-asset investment excluding rural households rose 20.5 percent.

To contact the reporter on this story: Allison Bennett in New York at

To contact the editor responsible for this story: Dave Liedtka at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.