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Kiwi Climbs Against Majors on Manufacturing Data; Aussie Gains

New Zealand’s dollar strengthened against all of its 16 major peers as data showed manufacturing expanded at the fastest pace in nine years, job advertisements increased and a gauge of consumer confidence rose.

New Zealand’s 10-year bond yields gained to the highest since 2011 on speculation the central bank will raise borrowing costs, boosting the allure of the nation’s currency as a higher-yielding asset. Australia’s dollar advanced amid speculation traders are paring record bearish bets as sentiment toward riskier assets improves and after a report showed the euro area’s economy emerged from its longest recession.