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Australian, Kiwi Dollars Snap Gains Before U.S. Jobs Data

The Australian and New Zealand dollars failed to extend gains from yesterday against the greenback before U.S. jobs data that may add to the case for the Federal Reserve to pare back stimulus.

The Aussie rose against most of its major peers yesterday as global stocks gained after the European Central Bank and Bank of England indicated looser monetary policy. Australia’s currency was 0.4 percent from the lowest since November 2008 against New Zealand’s dollar.