Aussie Dollar Surges to 6-Month High as RBA Holds Rates Steady

Australia’s dollar climbed to the highest in six months versus its U.S. counterpart after Reserve Bank policy makers unexpectedly left interest rates unchanged and signaled optimism global economic growth will strengthen.

The Aussie climbed against all of its 16 most-traded peers after central bank Governor Glenn Stevens said sentiment in financial markets had “generally improved” since December. New Zealand’s dollar rose to a three-month high versus the yen as Greece’s government and international creditors worked on the final draft of an agreement on budget and structural measures needed to free up a second aid package, a Greek official said.