Australian and New Zealand Dollars advance after recovery of global risk appetite

The Aussie and Kiwi climbed against the greenback after gold rallied from three decades low and triggered appetite for risk. The Australian Dollar appreciated 0.3% to $1.0304 after a drop of 2.2% last week, the biggest fall since May, while the Kiwi gained 0.4% to 84.51 U.S. cents, bouncing back from a 2% plunge the week before. Gold for immediate settlement advanced 1.2% to $1,420.90 an ounce and stood at $1,416.45.