Day: January 2, 2008

Aussie and Kiwi Gain on Higher Yields

Both Australian and the New Zealand dollars gained today on a presumption that the international investors bought Australia’s and New Zealand’s government bonds as their premiums yield more than their U.S. and Japanese counterparts. Yield differentials have been the major advantages of Aussie and kiwi for quite a while now. But yesterday and today the difference between Australian and U.S. two-year government notes reached the highest value in about four years, while New […]