(Bloomberg) -- The Australian dollar gained and
bonds fell after a government report showed inflation was faster
than expected in the second quarter. Bonds fell.
The currency bought 88.28 U.S. cents at 11:36 a.m. in
Sydney from 88.05 cents immediately before the report. The local
dollar traded at 88.45 cents late in Asia yesterday when it
reached 88.63 cents, the highest since February 1989.
Read more at Bloomberg Currencies News
bonds fell after a government report showed inflation was faster
than expected in the second quarter. Bonds fell.
The currency bought 88.28 U.S. cents at 11:36 a.m. in
Sydney from 88.05 cents immediately before the report. The local
dollar traded at 88.45 cents late in Asia yesterday when it
reached 88.63 cents, the highest since February 1989.
Read more at Bloomberg Currencies News
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