Australia Dollar Rises Versus U.S. Peer on Renewed Risk Appetite
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The Australian dollar advanced versus its U.S. peer as the Bank of Japan’s unexpected monetary stimulus expansion boosted demand for higher-yielding assets.
The Aussie gained against the majority of its 16 most-traded counterparts after Japanese policy makers added 10 trillion yen ($128 billion) in stimulus, following measures by the Federal Reserve and European Central Bank this month. New Zealand’s currency declined versus most peers as the nation’s annual current-account deficit widened to the most in three years amid rising fuel imports and improved profit for foreign-owned banks.