Australian Dollar advance after Stevens indicates intervention bar high

The Aussie rallied as Governor of Reserve Bank Glenn Stevens indicated that the bar has increased for currency intervention and approved the present amount of borrowing costs. The currency increased 0.7% to $1.0314, whereas the so-called Kiwi gained 0.4% to 83.76 U.S. cents as a report depicted credit card spending soared for a third-straight month in January.