(Bloomberg) -- The Australian dollar traded near a 17-year high as a widening yield advantage over the U.S. attracted investors to the nation's assets.
The local dollar advanced for a seventh day, the longest winning streak in four months as Australia's yield advantage on three-month deposits over the U.S. widened to the most in two weeks. Australia's dollar has gained against 15 of the 16 most- traded currencies this year on rising odds the central bank will increase rates and on surging commodity prices.
Read more at Bloomberg Currencies News
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