Monday, February 7, 2011

Australian Dollar Gains to Nine-Month High Against Yen on Jobs

February 07, 2011, 2:07 PM EST





By Monami Yui and Allison Bennett


Feb. 7 (Bloomberg) -- Australia’s dollar rose to an almost nine-month high against the yen as job advertisements climbed, signaling the economy is gaining momentum.
The New Zealand dollar strengthened against the yen after Prime Minster John Key said the economy will “will be better” this year and forecasters bet the construction industry will improve.

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