2014.07.2303:49:10UTC+00Australian dollar close to 2-week peak before inflation

The Australian dollar climbed 0.3%, almost a two-week high, prior to inflation data and after Reserve Bank Governor Glenn Stevens said he was satisfied with the monetary policy.

The Aussie was slightly changed at 93.91 US cents as of 8:44 a.m. in Tokyo after it reached 94.22 US cents, the highest level since July 10. Meanwhile, the New Zealand dollar bought 86.70 US cents following a 0.3% drop to 86.67 US cents yesterday.

“The Aussie’s going to stay quite elevated while this environment of high risk appetite and low risk aversion is still here. We’re going to need to see some quite big surprises for the RBA to shift its stance either on the upside or downside,” said Janu Chan, an economist at St. George Bank Ltd.