Aussie gained as Westpac drops expectations on RBA rate cut

Australia's currency appreciated versus all of its major counterparts, as Westpac renounced its predictions for further RBA yield cuts in 2014. The Aussie strengthened as much as 0.4% to 90.62 U.S. cents at 6:12 p.m. in Sydney from Friday trading session, after it dropped earlier 0.4%. The currency contracted 0.4% last week. The Australian Dollar advanced 0.6% to 92.05 yen, and gained 0.2% to NZ$1.06.