Aussie Dollar Rises to 3-Week High Before RBA Minutes Tomorrow
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Australia’s dollar rose to a three-week high on speculation minutes tomorrow of the Reserve Bank’s meeting this month will signal the central bank is in no hurry to cut interest rates.
The Aussie advanced for a fourth day after traders pared bets for further declines in the currency. Australia’s benchmark 10-year government bond yielded the most in eight weeks. New Zealand’s dollar gained against all of its major peers as traders increased bets borrowing costs will rise.