Aussie Gains for Third Day After Longest-Dated Bond Sale
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Australia’s dollar advanced for a third day after the nation sold its longest-dated debt in three decades, boosting demand for the country’s assets.
The so-called Aussie gained versus all but one of its 16 major counterparts after prices for iron ore, Australia’s biggest export, surged to a two-month high. Demand for the currency was tempered before a report tomorrow that may show unemployment climbed to the highest in three months. New Zealand’s dollar, nicknamed the kiwi, dropped as Asian stocks followed a slide in global equities.