New Zealand, Australian Dollars Strengthen as Commodities Rise
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The New Zealand and Australian dollars gained versus their U.S. counterpart as commodities rose the most in more than a week.
New Zealand’s currency, nicknamed the kiwi, advanced versus all 16 of its most-traded peers after the nation’s statistics agency said the value of retail transactions on electronic cards increased 0.3 percent in December, the third-straight monthly advance. The Aussie dollar reached the highest level in more than four years against the yen.