(Bloomberg) -- The New Zealand and Australian
dollars climbed as speculation interest rates will rise in both
nations encouraged investors to keep buying the currency with
money borrowed in Japan.
New Zealand's dollar, known as the kiwi, rose to 22-year
high after the central bank raised the benchmark rate to a
record 8 percent today, encouraging so-called carry trades.
Australia's dollar, the Aussie, reached the highest since 1989
as stronger-than-expected jobs data caused traders to increase
bets policy makers will raise borrowing costs from 6.25 percent.
Read more at Bloomberg Currencies News
dollars climbed as speculation interest rates will rise in both
nations encouraged investors to keep buying the currency with
money borrowed in Japan.
New Zealand's dollar, known as the kiwi, rose to 22-year
high after the central bank raised the benchmark rate to a
record 8 percent today, encouraging so-called carry trades.
Australia's dollar, the Aussie, reached the highest since 1989
as stronger-than-expected jobs data caused traders to increase
bets policy makers will raise borrowing costs from 6.25 percent.
Read more at Bloomberg Currencies News
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