You are here

Asia's rich do not fancy Aussie anymore: UBS

The currency has tumbled 16% in the past six months to the weakest level since 2009 and further declines are expected

Singapore

ASIA'S wealthy are falling out of love with the Aussie dollar as record-low yields and sustained declines persuade them to look elsewhere, according to UBS Group.

Many of the bank's wealthiest clients in the region began to abandon the currency as Australia's bond yield