(Bloomberg) -- The Australian dollar may rise for a
second day on speculation price gains for commodities will boost
the income the country receives from exports.
Australia's currency traded near an 18-year high after a
measure of six tradable metals on the London Metal Exchange
yesterday climbed 2.2 percent. Raw material exports add about 14
percent to Australia's economic growth. The local dollar may
also be supported after Canada's Brookfield Asset Management Inc.
agreed to buy Australia's Multiplex Group for A$4.2 billion
($3.5 billion) in cash.
Read more at Bloomberg Currencies News
second day on speculation price gains for commodities will boost
the income the country receives from exports.
Australia's currency traded near an 18-year high after a
measure of six tradable metals on the London Metal Exchange
yesterday climbed 2.2 percent. Raw material exports add about 14
percent to Australia's economic growth. The local dollar may
also be supported after Canada's Brookfield Asset Management Inc.
agreed to buy Australia's Multiplex Group for A$4.2 billion
($3.5 billion) in cash.
Read more at Bloomberg Currencies News
No comments:
Post a Comment