The Australian and New Zealand dollars gained against the American counterpart during the first day trading this week after the report has showed that US payrolls unexpectedly increased in September, increasing the demand for higher yielding currencies.

On the other hand, the market inclined slightly after the German Chancellor Merkel and French President Nicolas Sarkozy gave themselves three weeks to devise a plan to recapitalize European banks and address the debt crisis in Greece, gave the investors some optimism to contain the European debt crisis.