Australian dollar higher as yen falls
THE Australian dollar is higher, helped by a falling Japanese yen and the Bank of Japan’s economic stimulus program.
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THE Australian dollar is higher, helped by a falling Japanese yen and the Bank of Japan’s economic stimulus program.
At 0630 AEDT on Thursday, the local dollar was trading at 87.10 US cents, up from 86.85 cents on Wednesday.
The Aussie dollar has been steadily climbing against the yen since the Bank of Japan’s surprise announcement in October that it was increasing its already large bond-buying program in a bid to revive its struggling economy.
On Wednesday it broke 100 yen for the first time since May last year, and is now trading at 100.73 yen.
Originally published as Australian dollar higher as yen falls
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