Australia Dollar Rises as Employers Add More Jobs Than Forecast

The Australian dollar strengthened against most of its major counterparts after a government report showed employers added more than twice as many jobs as economists forecast.

Australia’s currency gained for the first time in four days against the greenback as the extra yield the South Pacific nation’s bonds offer compared with Treasuries widened and traders added to bets the central bank will boost interest rates. New Zealand’s dollar fell for a second day against Australia’s after the smaller country’s central bank said borrowing costs will likely rise “to a more limited extent” during the next two years.