Australian Dollar Rises on Asian Stock Gains; Kiwi Climbs
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The Australian dollar advanced versus most of its 16 major counterparts as a gain in Asian stocks boosted demand for higher yielding assets.
The so-called Aussie rose versus the dollar and yen after Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank should keep policy accommodative to support the world’s biggest economy. New Zealand’s dollar, known as the kiwi, climbed against all of its major peers after a report today showed an advance in retail card spending.