(Bloomberg) -- The Australian dollar had the biggest
gain in 11 months as record U.S. stocks gave investors confidence
to buy higher-yielding assets.
The currency traded at a 15-year high against the yen,
headed for a third monthly advance, as investors borrowed at
Japan's low interest rates to buy Australian assets in so-called
carry trades. Rising equities in Asia and Europe may encourage
investors to take on more risk after yesterday's slump in China.
Read more at Bloomberg Currencies News
gain in 11 months as record U.S. stocks gave investors confidence
to buy higher-yielding assets.
The currency traded at a 15-year high against the yen,
headed for a third monthly advance, as investors borrowed at
Japan's low interest rates to buy Australian assets in so-called
carry trades. Rising equities in Asia and Europe may encourage
investors to take on more risk after yesterday's slump in China.
Read more at Bloomberg Currencies News
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