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Aussie Gains Versus Peers on Stevens’ Remarks; Kiwi Dollar Falls

Australia’s dollar gained against most of its major peers amid speculation the Reserve Bank may not cut interest rates further after Governor Glenn Stevens said there are signs that loose policy is supporting spending.

The Aussie snapped a two-day decline versus the U.S. dollar as the Federal Reserve weighs whether to reduce the pace of its bond-buying program, which has buoyed asset prices around the world. Three-year Australian government bond yields touched the lowest since Oct. 1. New Zealand’s dollar dropped against all but one of its 16 major counterparts.