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FOREX - AUSTRALIAN DOLLAR OPENS LOWER - DEC 1, 2004.
SYDNEY, Dec 1 Asia Pulse - The Australian dollar continued its journey down towards the 77 US cent level, as weak local data and a US dollar resurgence halted the recent local currency strength.
At 0700 AEDT the local unit was trading at $US0.7720/24 compared to 0.7760/63 at yesterday's close.
Offhshore, it began the session at a high of $US0.7762 and dropped to a low of 0.7697.
Yesterday, the Australian Bureau of Statistics reported building approvals fell 2.4 per cent in October, while retail trade at current prices fell an adjusted 0.7 per cent, compared to market expectations for a 0.7 per cent rise.
ABN Amro head of foreign exchange David Mozina said the local currency had fallen about 1.4 per cent over the 24 hours.
"The data (yesterday) has been a bit too weak for the market to stomach at this point in time ... because up until then the news has been positive," Mr Mozina said.
"Monday's (current account) data was a bit of a shock and the figures to kick off the fourth quarter - the October retail sales numbers - were again a shock.
- SOUTH KOREA WORRIED OVER LOCAL CURRENCY'S MOVEMENT.
- News wire article from: AsiaPulse News July 3, 2007 700+ words
SEOUL, July 3 Asia Pulse - South Korea said Tuesday it is worried about the local currency's movement and is closely monitoring the won's value, which hit the highest level to the U.S. dollar in seven months on...
- S KOREA'S GOV'T TO ACT ONLY IF LOCAL CURRENCY MKT VOLATILE.
- News wire article from: AsiaPulse News July 22, 2008 700+ words
SEOUL, July 22 Asia Pulse - South Korea's government will take action in the local currency market only when the market undergoes excessive volatility, the nation's top economic policymaker said Tuesday. "The government...
- CHINESE BANKS EXTEND US$26.2 BLN IN LOCAL CURRENCY LOANS IN MAY.
- News wire article from: AsiaPulse News June 15, 2006 700+ words
BEIJING, June 15 Asia Pulse - Chinese banks extended 209...US$26.2 billion) worth of local currency loans in May alone, nearly double...charge on one-year loans in local currency, by 27 basis points, to 5...
- S&P AFFIRMS AUSTRALIA'S FOREX, LOCAL CURRENCY RATINGS.
- News wire article from: AsiaPulse News June 9, 2004 700+ words
SYDNEY, June 9 Asia Pulse - Standard & Poor's today...A-1-plus foreign currency and local currency ratings on the Commonwealth of Australia...Export Finance and Insurance Corp. ASIA PULSE 09-06 1703
- Soaring foreign currency loans boost local currency, bank heads say.
- News wire article from: YON - Yonhap News Agency of Korea December 16, 2006 700+ words
...loans is partly contributing to the local currency's sharp ascent against other currencies...among local exporters. A stronger local currency makes Korean goods more expensive...the home-backed loans. (THROUGH ASIA PULSE)
- US TROOPS IN AFGHANISTAN TO USE LOCAL CURRENCY.
- News wire article from: AsiaPulse News July 9, 2007 700+ words
KABUL, July 9 Asia Pulse - The Afghan government and US...transferred to afghanis and be paid in local currency to the troops for use inside the...stabilize the afghani by using the local currency in their routine transactions...
- Strong local currency, high energy prices likely to erode S. Korea's trade...
- News wire article from: YON - Yonhap News Agency of Korea June 28, 2006 700+ words
...the greenback and higher crude oil prices, the report said. The local currency has gained around 7 percent against the greenback so far this year...up from the previous prediction of $295.0 billion. (THROUGH ASIA PULSE)
- Foreign and local currency worth Tk 2.35 crore smuggle bid foiled.
- News wire article from: UNB - United News of Bangladesh September 26, 2006 700+ words
...26 (UNB)- Customs officials foiled a bid to smuggle foreign and local currency worth about Tk 2.35 crore at Zia International Airport Tuesday evening...Mohsin was handed over to the Airport police station. (THROUGH ASIA PULSE)
Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS LOWER - DEC 1, 2004.