On account of positive signs of Asian stocks and nation's labour market, Australian Dollar climbed up for the first time in six days against the Yen. It enhanced demand for higher-yielding assets. There is also advancement in New Zealand Dollar. The Aussie rose to 74.24 Yen in Sydney from 73.85 Yen in New York on July 2. It reached 72.69 Yen on July 1, the weakest level, since May 25. The Australian Dollar rose to 84.41 U. S. cents from 84.16 cents. Australian Government bonds also mounted up. The 4.5 percent note due on April 2020 gained 0.15, or a $1.50 per a $1,000 face amount, to 95.59. The New Zealand Dollar increased to 69.09 U. S. cents from 68.84. It gained to 60.79 Yen from 60.51 Yen. Richard Grace, Chief Currency Strategist in Sydney at Commonwealth Bank of Australia said, "Stock markets are in a positive territory and that's giving some guidance to future growth. The relative health in the local economy is probably providing some support for the Aussie". There is a gain of 2.7% in Jobs advertised in newspapers and on the Internet, according to a report released today by Australia & New Zealand Banking Group Ltd. According to a Bloomberg survey bureau report (before the July 8 statistics), Australia's employment rolls rose by 15,000 jobs in June, after climbing 26,900 in May.

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