Aussie rebounds as investors speculate the drop was excessive

Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar rose after reaching the lowest point since September 2010 as investors speculated that the currency dropped to fast. The Aussie increased 0.2% to 91.10 U.S. cents after it reached 90.37, the lowest level in almost 3 years. The currency was almost unchanged against the Yen and traded at 90.79. The yields on Australia's 10-year government bonds rose 5 basis points to 3.79.
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Thu, 04 Jul 2013 08:21:05 GMT

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