Aussie dollar holds near 18-yr peaks, bonds rise

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SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at $0.8934/39 against the U.S. currency, up from $0.8910/15 late here on Monday. It struck a fresh 18-year peak of $0.8950 in offshore trade.

* A move beyond $0.8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of $0.7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650 .8934/39 against the U.S. currency, up from SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at $0.8934/39 against the U.S. currency, up from $0.8910/15 late here on Monday. It struck a fresh 18-year peak of $0.8950 in offshore trade.

* A move beyond $0.8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of $0.7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650 .8910/15 late here on Monday. It struck a fresh 18-year peak of SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at $0.8934/39 against the U.S. currency, up from $0.8910/15 late here on Monday. It struck a fresh 18-year peak of $0.8950 in offshore trade.

* A move beyond $0.8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of $0.7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650 .8950 in offshore trade.

* A move beyond SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at $0.8934/39 against the U.S. currency, up from $0.8910/15 late here on Monday. It struck a fresh 18-year peak of $0.8950 in offshore trade.

* A move beyond $0.8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of $0.7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650 .8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of SYDNEY, Oct 2 (Reuters) The Australian dollar targeted fresh multi-year highs against the US dollar on Tuesday as easing credit market worries saw investors return to riskier assets and higher-yielding currencies.

* U.S. stocks surged on Monday after Citigroup Inc and Swiss banks UBS AG and Credit Suisse Group detailed expected losses from the subprime mortgage crisis, raising optimism that the worst of the credit crunch may be over.

* Gold stayed near new 28-year highs while copper also rallied. Gains in commodity prices boost Australia's terms of trade as the country is a big exporter of natural resources.

* At 9:30 a.m. (2330 GMT), the Australian dollar was quoted at $0.8934/39 against the U.S. currency, up from $0.8910/15 late here on Monday. It struck a fresh 18-year peak of $0.8950 in offshore trade.

* A move beyond $0.8960 would mark the highest level since June 1984. The Australian dollar has now risen over 16 percent from the lows of $0.7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650 .7672 touched in August when risk aversion was rampant.

* With risk appetite returning, carry trades -- borrowing yen at low rates to buy the much higher-yielding Aussie and kiwi dollars -- are back in favour. The Aussie rose to a seven-week peak of 103.61 yen and threatened a 103.63 top from August.

* Investors are also speculating that soft U.S. economic data would prompt the Federal Reserve to lower interest rates further, while the Reserve Bank of Australia (RBA) maintains a tightening bias.

* The RBA holds its October meeting on Tuesday and is widely expected to keep rates at a decade high of 6.5 percent when it announces its decision on Wednesday.

* Consumer price (CPI) figures for the third quarter due out later this month are key and if they show another big rise, as some expect, the door could be open for a hike in November.

* Australian bond futures tracked U.S. Treasuries higher after bad news on earnings from three top investment banks reinforced worries about the U.S. economy. A softer reading on a key report on the U.S. factory sector also allowed Treasuries to hold on to positive territory.

* The 10-year contract was up 0.01 points at 93.84, while three-year Australian bond futures were also up 0.01 points at 93.565.

Reuters MP VP0650

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