The Australian dollar traded 0.4 percent from a three-month low before a report forecast to show the nation’s trade deficit widened while U.S. data due today is predicted to add to evidence of an acceleration in growth there.
Reserve Bank Governor Glenn Stevens omitted any mention of having scope for further monetary easing for the third policy meeting in a row. Traders are taking that as a green light to drive the local currency higher.
Kweku Adoboli, the former trader on trial for allegedly costing UBS AG $2.3 billion from unauthorized trades, was in debt and had several spread-betting accounts in violation of the bank’s rules, a prosecutor said.
The New York Mets owners have to give up as much as $83 million in illegal profits from Bernard Madoff’s Ponzi scheme and face a trial over another $303 million of their own money to determine if they acted in bad faith, a judge ruled.