Australian Dollar Is Near 2-Year High as Risk Appetite Gains
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The Australian dollar touched its strongest level in more than two years against the greenback as speculation the Federal Reserve will expand stimulus measures boosted demand for higher-yielding assets.
The Aussie, as the currency is nicknamed, was the best performer this quarter among its 16 most-traded counterparts versus the U.S. currency as swaps indicate a 66 percent chance the central bank will increase interest rates next week. New Zealand’s dollar headed for a monthly gain as speculators increased wagers to the most this year that the currency will strengthen.