The monetary units of Australia and New Zealand advanced to their highest price in one week on Wednesday when compared with the world's reserve currency, Bloomberg reports.
Propelled upward by an elongated rally of Asian equities, both nations' dollars also benefited from the demand for assets that deliver higher yields. The Aussie achieved its top value against the 17-nation single currency but the high price of the Kiwi fell after economic data demonstrated current-account deficits grew in New Zealand.
"All eyes are on Europe," market strategist Mike Jones with Bank of New Zealand told TVNZ. "Europe's uncertainty could arguably prove more important than GDP."
The Aussie's Wednesday advances to the U.S. dollar were 0.8 percent since markets closed on Tuesday. The Aussie gained 0.6 percent when held against the Japanese yen and the Australian dollar's advance against the shared currency of the European Union was 0.5 percent.
TVNZ reports the Kiwi's climb on Wednesday to 77 U.S. cents marks the biggest climb in one week for the South Pacific nation's moneypiece. The climb comes one day prior to the nation releasing the year's final report for gross domestic product.
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