(Bloomberg) -- The Australian dollar fell from an
18-year high as the country's yield premium on two-year bonds
over those in the U.S. declined to the least in two weeks.
The currency snapped six days of gains after U.S. reports
showed expansion of service industries was at a 14-month high
and companies added the most workers in seven months in June.
Australia's dollar is still near a 16-year high versus the yen
on the attraction of the country's higher yielding assets.
Read more at Bloomberg Currencies News
18-year high as the country's yield premium on two-year bonds
over those in the U.S. declined to the least in two weeks.
The currency snapped six days of gains after U.S. reports
showed expansion of service industries was at a 14-month high
and companies added the most workers in seven months in June.
Australia's dollar is still near a 16-year high versus the yen
on the attraction of the country's higher yielding assets.
Read more at Bloomberg Currencies News
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