Aussie Dollar Remains Higher Before China Manufacturing Reports

From businessweek.com

Australia’s dollar remained higher before reports tomorrow that may show improvement in China’s manufacturing, brightening the export outlook for the South Pacific nation. The New Zealand dollar gained against all of its 16 major peers after data showing the nation’s home-building approvals rose in September to the highest level in more than four years. Australia is also set to release data on building permits today. The so-called Aussie and kiwi were also supported as gains in European shares and U.S. stock-index futures boosted demand for higher-yielding currencies. “Investors are expecting better figures ... (full story)