Currencies
Currencies News
Yen Rises on Concern Over China Bank Stress Tests; Kiwi Drops
The yen advanced against higher- yielding currencies on speculation stress tests on Chinese banks will reveal loan losses, boosting demand for safer assets.
N.Z. Dollar Slumps After Jobless Rate Rises More Than Forecast
New Zealand’s dollar fell against all its major counterparts after a report showed the jobless rate rose more than economists forecast, signaling the central bank will slow the pace of interest rate increases.