(Bloomberg) -- Australia's dollar traded near an
18-year high versus the U.S. currency and the strongest in 16
years against the yen on demand for the higher yields offered by
the nation's financial assets.
The local dollar is the best performer this week against
the yen among the 16 most traded currencies as the gap in yield
between benchmark Australia and Japanese 10-year government
bonds held near the widest in over two years. The currency also
headed for a fifth weekly gain versus the U.S. dollar on signs
the world's biggest economy is slowing.
Read more at Bloomberg Currencies News
18-year high versus the U.S. currency and the strongest in 16
years against the yen on demand for the higher yields offered by
the nation's financial assets.
The local dollar is the best performer this week against
the yen among the 16 most traded currencies as the gap in yield
between benchmark Australia and Japanese 10-year government
bonds held near the widest in over two years. The currency also
headed for a fifth weekly gain versus the U.S. dollar on signs
the world's biggest economy is slowing.
Read more at Bloomberg Currencies News
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