Aussie gains on bets RBA to keep borrowing costs unchanged

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Source: Bloomberg
The Australian Dollar strengthened against most of the major peers amid prospects the RBA policy makers will opt out of cutting borrowing costs during a meeting next week. The Aussie rose as much as 0.2% to 94.76 yen and 0.2% to $1.0235 at 4:48 p.m. in Sydney, heading for a weekly decline of 0.8%. The New Zealand Dollar gained 0.3% to 82.74 U.S. cents, set for a 1.3% weekly drop, the biggest since December 21.
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