(Bloomberg) -- The Australian dollar traded near
the highest in 18 years as some traders raised bets the central
bank will increase interest rates next month to slow inflation.
The local dollar has been the third-best performer this
month among the 16 most-active currencies as an index calculated
by Credit Suisse Group suggested speculators are increasing the
odds of higher borrowing costs. A report yesterday showed
producer prices rose more than expected in the second quarter
and figures tomorrow may show inflation accelerated.
Read more at Bloomberg Currencies News
the highest in 18 years as some traders raised bets the central
bank will increase interest rates next month to slow inflation.
The local dollar has been the third-best performer this
month among the 16 most-active currencies as an index calculated
by Credit Suisse Group suggested speculators are increasing the
odds of higher borrowing costs. A report yesterday showed
producer prices rose more than expected in the second quarter
and figures tomorrow may show inflation accelerated.
Read more at Bloomberg Currencies News
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