Australia’s dollar climbed against all its major peers after a government report showed the economy added a record number of jobs for a single month.
The New Zealand dollar dropped to the lowest level in seven months after the nation’s central bank left its benchmark interest rate unchanged and said the level of the currency was “unjustified and unsustainable.” The yen was near a six-year low after Bank of Japan Governor Haruhiko Kuroda said he will hold talks with Prime Minister Shinzo Abe today.
“The Aussie, which has been sold recently, reacted positively to the jobs data,” said Kengo Suzuki, chief currency strategist at Mizuho Securities Co. in Tokyo. “The employment numbers look very strong, exceeding economists forecasts and signaling tightening in the labor market.”
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