Australia’s dollar gained versus against its U.S. counterpart for the first time in five days as investor risk appetite swelled and commodities and stocks rose.
The Aussie strengthened against the majority of its 16 most-traded peers as the nation’s business confidence rebounded in December by the most in more than a decade. New Zealand’s dollar, nicknamed the kiwi, advanced versus the greenback as the nation’s annual trade deficit unexpectedly narrowed.
Australia’s dollar gained 0.6 percent to $1.0475 in New York trading yesterday and rose 0.4 percent to 95.01 yen.
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