The Australian and New Zealand dollars rose in Forex Platforms


the Australian and New Zealand dollars traded near their strongest levels since June in  after earnings at Alcoa Inc., the largest U.S. aluminum producer, boosted trust sentiment around the world.

The New Zealand dollar advanced for a sixth day against the yen, its longest winning streak since January, before a report this week that economists say will show the nation’s prices gained for a second-straight quarter.

Japanese stocks rose on speculation earnings will improve after Alcoa Inc. in the U.S. reported profit that exceeded estimates. Nintendo Co., a maker of portable video-game players which gets more than 80 percent of its sales abroad, jumped 2.4 percent.

Crude oil pared earlier gains after Chinese equities fell and the dollar strengthened against the euro, reducing the appeal of commodities as an inflation hedge. Oil fell below $75 a barrel in New York after China quashed speculation that policy makers will relax measures aimed at cooling the economy. The dollar rose against the euro for a third day.

The Chinese government said it will push for consolidation in the steel industry and curb any rapid increase in output.

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