Currency traders are starting to price in a greater chance of the Australian dollar plunging to parity against its New Zealand counterpart for the first time as interest rates diverge in the two nations.
Petroleo Brasileiro SA fell the most in five years after the government failed to meet a request by the state-run company to disclose a clear policy for phasing out fuel subsidies that have cut earnings and increased debt.
Goldman Sachs Group Inc., the Wall Street firm with the biggest revenue decline last quarter, said its currency trading business didn’t incur a loss in the period as the bank sought to clarify a figure in a regulatory filing.
South Korea’s bonds fell, pushing the three-year yield to the highest level in more than two months, after minutes of the Federal Reserve’s meeting indicated stimulus may be cut “in coming months.” The won weakened.
South Korea’s won rallied for a third day as foreigners bought local stocks on speculation the Federal Reserve will maintain its unprecedented stimulus that has boosted emerging markets. Government bonds fell.