Commodities Stocks, Metals Prices Fall as China Curbs Growth

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQ4_EHN6gnaw&pos=1

The Australian dollar rose against all 16 of its most- traded counterparts after consumer prices gained more than forecast in the fourth quarter, increasing pressure on the central bank to raise interest rates. The yen traded near a nine-month high against the euro on concern the global economic recovery will slow, increasing demand for Japan’s currency as a refuge.

Australia’s currency rose 0.6 percent to 90.39 U.S. cents from 89.86 in New York. It yesterday touched 89.38 cents, the lowest since Dec. 31. The yen traded at 126.27 per euro from 126.16 in New York, when it reached 125.68, the strongest level since April 28. The dollar fetched 89.61 yen from 89.65 yen.

Australian consumer prices rose 0.5 percent in the fourth quarter, compared to the median estimate for a 0.4 percent gain in a Bloomberg News survey.