The dollars of Australia and New Zealand drove to their top values in three months when held against the U.S. dollar on Monday, according to Bloomberg.
As U.S. reports set for release this week will show economic growth in the nation hosting the globe's largest economy is advancing rapidly, the Aussie and Kiwi also climbed from the brighter outlook about efforts to confront the sovereign debt crisis as euro zone finance ministers were set to convene in Brussels on Monday.
"Fundamentals like a weakening job market and a lessening of inflationary pressures don't seem to be impacting so far on the currency," trader David Scutt with Arab Bank Australia told The Sydney Morning Herald, noting the Aussie also gained because not many options provide high yields in an environment with relatively limited risk.
On Monday, both South Pacific monetary units notched their highest values since the end of October 2011.
Though the Australian dollar was performing well on Monday, the monetary unit was pressed by news about difficult negotiations between Greece and its private creditors, The Sydney Morning Herald reports. The Aegean nation is working to stave off defaulting on its loan obligations.
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