The release of Aussie retail sales data early this morning recorded their biggest movement in seven months, exceeding analysts’ expectations and propelling the nation’s currency into an advance in its greatest leap in two weeks. The release of the report also gave rise to speculations that the Reserve Bank will refrain from cutting interest rates tomorrow.

Profits from government bonds advanced to a 2 1.2-week high and the currency gained against all 16 major peers as interest-rate swaps data show traders are fairly confident Governor Glenn Stevens and his board will maintain low borrowing costs through the end of the year.

Australia’s currency advanced 0.5 percent to $0.9488 at %:02 p.m. in Sydney, anticipated to reach its biggest climb since 22nd October.

The yield on Australian debt due in a decade advanced as much as nine basis point to 4.16 percent, the highest since 17th October.

Retail Sales in Australia rose 0.8 percent in September, the greatest advance since February, according to the statistics bureau.