Australia’s dollar matched a two-week high after the Reserve Bank left the benchmark rate unchanged and said there has been improvement in the job market.
New Zealand’s currency climbed for a sixth day against the greenback, matching the longest streak in a year, ahead of data tomorrow that may show unemployment fell to the least in four years. The U.S. dollar was at a three-week low versus major counterparts with foreign-exchange volatility near a seven-year low before Federal Reserve Chair Janet Yellen testifies to lawmakers tomorrow.
The RBA statement “seems to have a slightly more positive tone, particularly on the labor market,” said Divya Devesh, a Singapore-based foreign-exchange analyst at Standard Chartered Plc. “In the near-term at least, I think the Aussie will remain supported at these levels.”
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