The Australian dollar gained against all of its 16 major peers after data showed employers added more than three times the jobs economists estimated.
Government bonds fell, sending the benchmark 10-year yield to a one-month high, as full-time payrolls climbed by the most in more than 22 years. New Zealand’s dollar jumped to a record on a trade-weighted basis after Governor Graeme Wheeler became the first head of a major developed central bank to raise interest rates since 2011 and said he expects to tighten policy further this year to damp inflation pressures.
“It’s a very strong jobs report, driven by full-time employment,” said Annette Beacher, the Singapore-based head of Asia-Pacific research at TD Securities Inc. “It’s a welcome relief after a soggy week. Once the rest of the world sees the number, we’ll be back to 91 cents in the Aussie.”