Currencies
Currencies News
Yen Gains as China Manufacturing Growth Slows; Aussie, Kiwi Drop
The yen rose versus all of its major peers after a private report signaled a slowdown in Chinese manufacturing, underscoring concern the largest Asian economy is faltering and boosting demand for refuge assets.
Gillard Backs Abe Reflation Even as Currency Hurts Australia
Australian Prime Minister Julia Gillard added her voice to global endorsements of Japan’s efforts to revive its economy, even as a sinking yen contributes to undermining her country’s manufacturing competitiveness.