Australia’s dollar fell to a 2 1/2- month low, heading for its sixth weekly drop, after the government’s rejection of a planned foreign takeover raised concern investment flows into the country may weaken.
The euro rose against the dollar and the yen as a gauge showed the region’s services output increased more than initially estimated, boosting speculation the European Central Bank will refrain from cutting interest rates tomorrow.
New Zealand employers hired workers at more than double the pace economists forecast in the three months through September, adding to the case for an interest- rate increase early next year. The kiwi rose.
New Zealand inflation accelerated faster than economists forecast in the third quarter, ending more than a year of subdued price pressure and underpinning the Reserve Bank’s case to start raising interest rates in 2014.