Aussie, Kiwi Gain on Prospects Greece to Avoid Euro Exit

The Australian and New Zealand dollars advanced, halting four-week slides, as prospects Greece will avoid an exit from the euro bloc boosted demand for higher-yielding assets.

The so-called Aussie touched its highest level in almost a week after Greece’s New Democracy party, which supports the nation’s bailout agreements, led in opinion polls published over the weekend. New Zealand’s currency, known as the kiwi, climbed versus all of its 16 major counterparts as technical indicators signaled its recent decline may have been too rapid. Both the South Pacific nations’ dollars gained as Asian stocks rose, rebounding from a weekly loss.