Aussie Dollar Rises, Snaps 3-Day Drop After Jobs Data
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Australia’s dollar rose, snapping three days of declines, after a report showed unemployment in the nation decreased in August.
New Zealand’s currency and the so-called Aussie were buoyed on prospects European Central Bank President Mario Draghi will today announce unlimited, sterilized bond buying to quell the euro region’s debt crisis, supporting investor appetite for higher-yielding assets. Demand for the South Pacific currencies was tempered on concern global growth is slowing.