“The Australian dollar climbed against all of its major peers after a private report signaled that a slowdown in Chinese manufacturing is abating, improving prospects for exports to Asia’s biggest economy.
The so-called Aussie snapped a four-day drop after data showed a faster-than-estimated increase in Australia’s consumer price index, easing expectations the Reserve Bank will cutinterest rates. New Zealand’s currency was 0.3 percent from a one-month low as Asian stocks extended global declines.”
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