(Bloomberg) -- The Australian dollar may fall as the
yield advantage of the nation's bonds over Treasuries narrows,
suggesting traders are reducing bets the interest rate spread with
the U.S. will widen.
The currency has declined 1.5 percent over the past two weeks
as the yield spread between Australian and U.S. two-year bonds
shrunk to 1.37 percentage points from 1.49 percentage points.
Traders have cut bets Australia's 1 percentage point rate
advantage over the U.S. will widen on weaker local wages data and
stronger U.S. economic figures.
Read more at Bloomberg Currencies News
yield advantage of the nation's bonds over Treasuries narrows,
suggesting traders are reducing bets the interest rate spread with
the U.S. will widen.
The currency has declined 1.5 percent over the past two weeks
as the yield spread between Australian and U.S. two-year bonds
shrunk to 1.37 percentage points from 1.49 percentage points.
Traders have cut bets Australia's 1 percentage point rate
advantage over the U.S. will widen on weaker local wages data and
stronger U.S. economic figures.
Read more at Bloomberg Currencies News
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