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Australian Dollar Advances After Italy 10-year Yield Slides

06:12, 30th July 2012

(RTTNews) - In the European session on Monday, the Australian dollar advanced against other major currencies after Italy's borrowing costs for ten-year funds fell below 6 percent at a debt auction.

The aussie is now trading at 1.2975 against the kiwi, compared to Friday's close of 1.2946.

Against the U.S. and Canadian dollars, the aussie hit a new 4-month high of 1.0498 and near a 5-month high of 1.0539, respectively.

Against the euro, the aussie approached an all time high of 1.1700.

The aussie bounced back from an early low of 81.76 against the yen and the pair is now worth 82.16.

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