Kiwi at Record Amid U.S. Debt Concern; Aussie Gains Before CPI
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The New Zealand dollar gained to a record and Australia’s advanced as investors sought alternatives to the greenback with U.S. lawmakers remaining at odds over how to raise the debt ceiling and avoid a default.
The Aussie reached its highest versus its U.S. counterpart in more than two months before a report tomorrow forecast to show the nation’s consumer price index rose in the second quarter. Central bank Governor Glenn Stevens said Australia’s subdued household spending will likely rebound “at some point” amid a mining boom.