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FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - JUNE 1, 2001.
SYDNEY, June 1 Asia Pulse - The Australian dollar opened weaker today after a slide overnight on the back of a weaker euro and some technical selling.
Still, dealers said that despite the overnight weakness the domestic currency should hold around current levels ahead of US data to be released Friday.
At 0700 AEST the Australian dollar was at $US0.5064/69, from 0.5100/05 at yesterday's close.
One dealer said that strong words from the European Central Bank, suggesting that they will not influence the euro, had also weighed on the Australian dollar.
"ECB officials, their rhetoric was that you definitely won't see intervention on the euro so that's where we saw the euro sold off. On the back of that we saw the Aussie sold," said a New Zealand-based spot dealer.
EUR/USD was trading around the 0.8458 area after ending the Sydney session around 0.8510.
The Australian dollar drifted lower through the $US0.5100 level early in the UK ...
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...March 2 Asia Pulse - The Australian dollar edged higher overnight...falter. At 0700 AEDT the Australian dollar was US$0.5282/87...which in turn pushed the Australian dollar down. The National Association of Purchasing Management...
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...Asia Pulse - The Australian dollar closed higher...last night's US National Association of Purchasing...1700 AEST the Australian dollar was trading at...1600 AEST the Australian dollar was at 50.2...
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...At 0700 AEDT the Australian dollar was trading at...s close. The Australian dollar showed some life...leader for the National Association of Purchasing Managers...On the day the Australian dollar is expected to...
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...overnight session, the Australian dollar moved between a...0.7411. The Australian dollar broke through US...figures from the US National Association of Realtors. Wells...had supported the Australian dollar's move higher...
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...0700 AEST, the Australian dollar was at $US0...sessions, the Australian dollar is expected to...June to ease. The Australian dollar went into offshore...steadily when the National Association of Purchasing Managers...