Economics
Aussie Dollar Falls as Economic Growth Slows; Bonds Gain
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New Zealand’s dollar rose from a six-week low against its U.S. counterpart as stocks and commodities advanced amid optimism private bondholders will participate in Greece’s bailout.
The Australian dollar erased earlier losses against the greenback after a private report showed U.S. companies added more workers in February than the previous month. The Aussie’s gains were limited as a report showed the country’s economy grew slower than economists estimated. The kiwi’s rally from a six-week low comes before the central bank meets.