(Bloomberg) -- The Australian dollar traded near an
18-year high as recent figures suggest a government report today
will show that economic growth is accelerating.
The local dollar is the world's second-best performer after
New Zealand's this month as traders raise bets the Reserve Bank
of Australia will increase the cost of borrowing. Home building
approvals rebounded and company profits rose at the fastest pace
in almost two years, according to reports this week.
Read more at Bloomberg Currencies News
18-year high as recent figures suggest a government report today
will show that economic growth is accelerating.
The local dollar is the world's second-best performer after
New Zealand's this month as traders raise bets the Reserve Bank
of Australia will increase the cost of borrowing. Home building
approvals rebounded and company profits rose at the fastest pace
in almost two years, according to reports this week.
Read more at Bloomberg Currencies News
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