The Australian dollar moved up ending a five-day drop against other currencies, as Asian stocks advanced and signs the nation's labour market is improving enticed demand for higher-yielding assets.

Australia's currency reversed earlier losses versus the greenback after an industry report showed job advertisements climbed for a second month in June and economists said data this week will likely show employment increased for a fourth month.

The Reserve Bank of Australia will also likely keep its benchmark interest rate at 4.5 percent tomorrow, according to all economists surveyed by the International Business Times.

"The relative health in the local economy is probably providing some support" for the Australian dollar," said an analyst from the National Australia Bank.

Australia's currency rose to 74.17 yen as of 12:42 p.m. in Sydney from 73.85 yen in New York last week, after earlier falling as much as 0.6 percent. The currency gained 0.3 percent to 84.37 U.S. cents. New Zealand's dollar advanced 0.2 percent to 60.63 yen, and climbed 0.2 percent to 68.96 cents.

The MSCI Asia Pacific Index of shares rose 0.2 percent, snapping a four-day decline.

Australia's dollar rallied after Australia & New Zealand Banking Group Ltd. said jobs advertised in newspapers and on the Internet gained 2.7 percent in June, the same as during the previous month.