Australia’s dollar traded 0.4 percent from the highest level in three weeks versus the greenback before the Reserve Bank releases tomorrow minutes of its policy meeting held this month.
The Aussie held a three-day gain 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 rose against all of its major peers.
“It was very helpful for the Aussie that the RBA sounded more neutral in August,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. “The timing doesn’t seem right for a rout of the Aussie dollar.”