(Bloomberg) -- The Australian dollar strengthened after a government report showed employment rose four times as much as economists forecast in April. New Zealand's dollar rose from a four-week low on higher-than-expected job creation.
Australia's currency approached last month's 10-year high versus the yen as traders raised bets the Reserve Bank of Australia will lift borrowing costs from 6.25 percent. The yield on two-year government bonds jumped as falling unemployment and surging consumer spending suggest inflation will accelerate.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment