Australian Dollar Rises on Central-Bank Minutes Before Wage Data
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The Australian dollar strengthened versus all but one of its 16 most-traded peers after the central bank in the minutes of its last meeting lowered expectations for an interest-rate cut.
The Aussie gained for a second day against the U.S. dollar before data forecast today to show Australian wages rose, according to a Bloomberg News survey. The New Zealand dollar had the biggest intraday drop versus the yen in a week as a Japanese official said its government doesn’t intend to buy foreign bonds to end deflation by weakening the currency.