Australian Dollar Rises Versus Peers on Bets RBA to Hold Rates

Australia’s dollar rose versus most of its 16 major counterparts on prospects Reserve Bank officials meeting next week will refrain from cutting borrowing costs.

The so-called Aussie climbed for a third day against the yen and reversed an earlier decline versus the dollar, following reports that signaled a slowdown in Chinese manufacturing expansion. New Zealand’s currency, known as the kiwi, strengthened versus the dollar and yen as a pullback in Asian stock losses outweighed data today that showed an unexpected drop in the country’s terms of trade.