Aussie, N.Z. Dollars Gain Amid Signals of Further Easing
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The Australian and New Zealand dollars climbed after Asian stocks extended a global rally amid signals central banks will take steps to contain Europe’s debt crisis and flagging U.S. employment growth.
The so-called Aussie extended gains after touching the highest level this month against the yen and dollar after U.S. payrolls rose less than projected in August, spurring speculation continued weakness will encourage the Federal Reserve to add stimulus. The South Pacific currencies rose against most major peers after commodity prices yesterday climbed for the first day this week.