Australian dollar holds firm as yields hit six-month highs
The Australian dollar paused near a fresh top on Thursday as investors increased wagers on a near-term RBA interest-rate hike. Short-term bond yields rose to their highest in almost six months.
The Australian dollar paused near another fresh top on Thursday as investors increased bets on a near-term rise in interest rates, while short-term bond yields climbed to their highest level in almost six months. A string of hawkish comments from the Reserve Bank of Australia has combined with the move in yields, supporting the currency.