Aussie rises as Fed is forecast to continue stimulus

The Australian currency advanced against the majority of its most-traded counterparts on Monday before the U.S. Federal Reserve begins its policy-setting meeting expected to signal further bond purchases in order to boost the economy. The so-called Aussie rose 0.2% to 96.06 U.S. cents by 5:09 p.m. Sydney time following a 1% drop recorded last week.