(Bloomberg) -- The Australian and New Zealand
dollars rose to the highest in about two decades as the yield
premium of the nations' bonds to U.S. debt widened.
The yield spread between Australian government two-year
bonds and equivalent Treasuries moved to the widest in over two
months late last week while the yield advantage of New Zealand's
two-year notes was at a seven-week high. The U.S. currency
declined and Treasury yields fell after the International
Monetary Fund said June 29 the dollar's share of global foreign-
exchange reserves fell to the lowest in at least eight years.
Read more at Bloomberg Currencies News
dollars rose to the highest in about two decades as the yield
premium of the nations' bonds to U.S. debt widened.
The yield spread between Australian government two-year
bonds and equivalent Treasuries moved to the widest in over two
months late last week while the yield advantage of New Zealand's
two-year notes was at a seven-week high. The U.S. currency
declined and Treasury yields fell after the International
Monetary Fund said June 29 the dollar's share of global foreign-
exchange reserves fell to the lowest in at least eight years.
Read more at Bloomberg Currencies News
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