(Bloomberg) -- New Zealand's dollar rose above 81
U.S. cents for the first time since it started trading freely in
1985 and Australia's currency gained to an 18-year high on bets
the nations' central banks will raise interest rates.
Most economists predict the Reserve Bank of New Zealand
will raise its key rate a quarter-point this week and traders
have increased bets of higher Australian borrowing costs before
a report tomorrow that may show inflation accelerated. New
Zealand and Australia's dollars are the second- and third-best
performing major currencies this month as prospects of higher
rates draw overseas investors to the nations' deposits.
Read more at Bloomberg Currencies News
U.S. cents for the first time since it started trading freely in
1985 and Australia's currency gained to an 18-year high on bets
the nations' central banks will raise interest rates.
Most economists predict the Reserve Bank of New Zealand
will raise its key rate a quarter-point this week and traders
have increased bets of higher Australian borrowing costs before
a report tomorrow that may show inflation accelerated. New
Zealand and Australia's dollars are the second- and third-best
performing major currencies this month as prospects of higher
rates draw overseas investors to the nations' deposits.
Read more at Bloomberg Currencies News
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