Higher-Yielding Currencies Advance After Senate Plan

Higher-yielding currencies including Mexico’s peso and South Africa’s rand rallied versus the dollar as a tentative U.S. agreement to extend the nation’s borrowing ability prompted an increase in investors’ risk appetite.

The yen fell versus all of its 16 most-traded peers amid ebbing haven demand as Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell announced an accord to end the government shutdown and push fiscal deadlines into next year. New Zealand’s dollar reached a four-week high as inflation fueled bets interest rates will rise.