“The Australian and New Zealand dollars rose against the yen as Asian stocks extended a global rally, boosting the allure of higher-yielding assets.
Both currencies snapped a two-day decline against the greenback after a private report showed improvement in China’s manufacturing industry last month, easing concern the world’s second-biggest economy will slow further. Demand for the South Pacific nations’ currencies was also bolstered before U.S. data this week forecast to show a pickup in hiring….”
If you enjoy the content at iBankCoin, please follow us on Twitter
