Aussie Approaches Highest Level Since November Before Jobs Data
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Australia’s dollar approached the strongest level versus its U.S. counterpart in more than 11 weeks before a report that’s forecast to show employers added jobs in December, boosting demand for the nation’s assets.
The Aussie rose for a second day against the greenback after a private survey showed Australian consumer confidence increased. New Zealand’s dollar climbed to its strongest since November as home sales rose and prices stayed near the highest since 2008. Demand for both South Pacific nations’ currencies was bolstered as the International Monetary Fund proposed boosting its lending capacity by as much as $500 billion to safeguard the global economy.