(Bloomberg) -- Traders are stepping up purchases of
options to bet Australia's dollar will rally against the yen as
a strengthening Australian economy bolsters demand for the
country's assets.
The Australian dollar set a 15-year high versus the yen
last week as government data showed Australia's capital spending
climbed 9.1 percent in the first quarter, more than double the
median forecast. Australia's benchmark interest rate is at 6.25
percent, compared with 0.5 percent in Japan.
Read more at Bloomberg Currencies News
options to bet Australia's dollar will rally against the yen as
a strengthening Australian economy bolsters demand for the
country's assets.
The Australian dollar set a 15-year high versus the yen
last week as government data showed Australia's capital spending
climbed 9.1 percent in the first quarter, more than double the
median forecast. Australia's benchmark interest rate is at 6.25
percent, compared with 0.5 percent in Japan.
Read more at Bloomberg Currencies News
No comments:
Post a Comment