Aussie, N.Z. Dollars Rise Amid Jobless Decline, ECB Bond Plan
This article is for subscribers only.
The Australian dollar gained for the first time in four days versus its U.S. counterpart after the country’s jobless rate unexpectedly declined in August on signs employers in mining states are still hiring workers.
New Zealand’s dollar and the Aussie rose versus most of their major peers after European Central Bank President Mario Draghi said policy makers had agreed on an unlimited debt-buying program, bolstering appetite for higher-yielding assets. Australia’s unemployment rate fell to 5.1 percent, from 5.2 percent in July. The median forecast in a Bloomberg News survey was for an increase to 5.3 percent.