Wednesday, June 6, 2007

Australian Dollar Rises to 18-Year High on Better-Than-Expected Employment

(Bloomberg) -- The Australian dollar rose to an 18-
year high after a government report showed employers added more
workers than expected in May. Bonds fell.

The currency bought 84.52 U.S. cents at 11:32 a.m. in Sydney
from 84.38 cents immediately before the report and reached 84.63
cents, the strongest since February 1989. It traded at 84.12
cents late in Asia yesterday.


Read more at Bloomberg Currencies News

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