Australian Dollar Gains as Euro Weakens; Kiwi Awaits Inflation Data
The Australian dollar gained on Monday amid flows out of the euro following rioting in France. The New Zealand dollar awaited inflation data that could influence the case for a third rate hike this month.
The Australian dollar rose on Monday, supported by flows out of the euro following rioting across France. The New Zealand dollar, meanwhile, awaited key inflation data that could strengthen or undermine the case for a third rate hike this month. Chinese economic data also came in stronger than expected, with the economy growing…