Aussie Dollar Gains With Commodities on Increased Risk Appetite

The Australian dollar rose against its U.S. counterpart as global stocks and commodities gained amid a report showing that American unemployment-benefit applications fell, spurring risk appetite.

The so-called Aussie climbed against the majority of its 16 most-traded peers as the nation added more jobs than forecast even as the jobless rate rose to its highest level since 2010. The New Zealand dollar fell versus most of its major counterparts after a manufacturing gauge contracted for a third month and consumer confidence fell to a three-month low. It gained versus the U.S. and Japanese currencies.