The Aussie also climbed after the South Pacific nation released stronger labor market data regarding April, prompting the currency to mark advances against all 16 of its top peers. Exports from China, Australia's lead trade partner, climbed 0.9 percent in April as compared with the same period in 2013. Concerns about the economy of China, the world's second largest, have been strengthening thus the data about commerce was unexpected and welcome.
"You've seen firmer export performance in Korea, Taiwan, Philippines and Malaysia recently," FX strategist Greg Gibbs with RBS in Singapore told Reuters on Thursday. "So there's a bit of a theme there, consistent with some improvement in the global economic outlook. That certainly supports the Aussie."
The Australian dollar pushed up roughly 0.6 percent against the greenback and has surged roughly 3.8 percent thus far in 2014 against its rival.
For the third-straight month, data about the labor market of Australia exceeded expectations, according to Reuters.
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