Aussie trades near 11-month low as premium shrinks

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Source: Bloomberg
© Scanpix/FP
The Australian Dollar was traded close to its lowest level in eleven months on Wednesday after the premium investors get by holding the nation's bonds instead of similar-maturity U.S debt shrank to the lowest level since June 2012. The so-called Aussie was little changed at 98.87 U.S. cents at 4:10 p.m. Sydney time following a fall to 98.77 yesterday, the lowest since June 12.

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