Australian Dollar Rises Versus Peers After Economy Grows
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Australia’s dollar rose against most major peers after data showed the nation’s economy grew last quarter, driven by household consumption and exports.
The currency, nicknamed the Aussie, climbed to its highest level in a week versus the yen as traders pared expectations for interest-rate cuts this year. New Zealand’s currency, known as the kiwi, declined for the first time in four days and the Aussie fell against the U.S. dollar after commodities fell for the sixth time in seven days.