The Australian dollar touched a one- month high after the Reserve Bank said there were further signs easy policy and a weak currency were having an impact. Strength in the Aussie won’t be sustained, BlackRock Inc. said.
Australia’s dollar rose for a third day after Turkey’s central bank raised rates to arrest a run on the lira that had roiled risk appetite. The kiwi gained before New Zealand’s central bank meets tomorrow.
The yen plunged the most against the dollar last year since 1979 as Bank of Japan Governor Haruhiko Kuroda embarked on an unprecedented plan to boost economic growth and ward off 15 years of deflation.
The euro weakened against the dollar, falling toward a three-week low, as European leaders said Greece’s referendum on a bailout deal will determine whether it will stay in the 17-nation currency union.