Aussie rises versus most of its peers as China reforms

The Australian currency increased on Monday rising against the majority of its most-traded peers after the Chinese government revealed the largest economic reform since at least 1990 boosting Australia's exports outlook to China. The so-called Aussie climbed 0.4% to 94.03 U.S. cents by 5:45 p.m. Sydney time, while the Kiwi traded at NZ$1.1248 per Australian Dollar.