(Bloomberg) -- The Australian dollar traded close
to an 18-year high on bets the central bank will raise the
benchmark interest rate next month.
The currency also climbed the most in almost five months
against the New Zealand dollar after that country's central bank
signaled a rate increase today may be the last. Australia's
dollar has gained the most of the 16 most-active currencies this
month as a report yesterday showed inflation was faster than
expected.
Read more at Bloomberg Currencies News
to an 18-year high on bets the central bank will raise the
benchmark interest rate next month.
The currency also climbed the most in almost five months
against the New Zealand dollar after that country's central bank
signaled a rate increase today may be the last. Australia's
dollar has gained the most of the 16 most-active currencies this
month as a report yesterday showed inflation was faster than
expected.
Read more at Bloomberg Currencies News
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