(Bloomberg) -- The Australian dollar rose to the
highest in 18 years on speculation losses at a hedge fund run by
Bear Stearns Cos. will bolster demand for financial assets
outside of the U.S.
The Australian dollar advanced to 87.61 U.S. cents, the
highest since February 1989, before trading at 87.55 U.S. cents
at 10:43 a.m. in Sydney from 87.37 cents late in Asia yesterday.
Read more at Bloomberg Currencies News
highest in 18 years on speculation losses at a hedge fund run by
Bear Stearns Cos. will bolster demand for financial assets
outside of the U.S.
The Australian dollar advanced to 87.61 U.S. cents, the
highest since February 1989, before trading at 87.55 U.S. cents
at 10:43 a.m. in Sydney from 87.37 cents late in Asia yesterday.
Read more at Bloomberg Currencies News
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