AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

FOREX - AUSTRALIAN DOLLAR OPENS STEADY - JULY 3, 2006.

AsiaPulse News

| July 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, July 3 Asia Pulse - The Australian dollar opened the week virtually unchanged from Friday as mixed US data reinforced expectations that an end to the US tightening is near.

At 0700 AEST the local unit was trading at $US0.7422/27, just slightly below Friday's close of $US0.7428/30.

Over the weekend it reached a low of $US0.7416 and a high of 0.7452.

CommSec's chief equities economist Craig James said with the US Federal Reserve meeting our of the way, it's back to business for currency investors and traders.

"The key issues have not altered - it all boils down to the outlook for US interest rates and inflation," he said.

"If inflation appears to be more settled and the US economy continues to slow, then the Federal Reserve will move to the sidelines."

Mr James said the US dollar would continue to lose traction in this case and the local unit would push back above the $US0.7500 mark.

Related articles from newspapers, magazines, journals, and more
FOREX - AUSTRALIAN DOLLAR OPENS LOWER - JULY 24, 2008.
News wire article from: AsiaPulse News July 24, 2008 700+ words
...Pulse - The Australian dollar opened weaker...member of the US Federal Reserve. At 0700 AEST, the Australian dollar was trading...dollar." The Australian dollar fell against...offshore session as Federal Reserve Bank of Philadelphia...
FOREX - AUSTRALIAN DOLLAR OPENS STRONGER - SEPT 25, 2007.
News wire article from: AsiaPulse News September 25, 2007 700+ words
...Pulse - The Australian dollar opened stronger...rate cut by the Federal Reserve. At 0700 AEST, the Australian dollar was trading...8699. The Australian dollar pushed up towards...cut by the US Federal Reserve. Macquarie...
FOREX - AUSTRALIAN DOLLAR CLOSES STRONGER - AUG 20, 2007.
News wire article from: AsiaPulse News August 20, 2007 700+ words
...20 Asia Pulse - The Australian dollar closed stronger today...of action by the US Federal Reserve. At 1700 AEST, the Australian dollar was trading at US...said that while the Australian dollar had regained some ground...
FOREX - AUSTRALIAN DOLLAR WEAKER AT NOON - MAY 11, 2004.
News wire article from: AsiaPulse News May 11, 2004 700+ words
...11 Asia Pulse - The Australian dollar remained weaker at noon...of 0.6970. "The Australian dollar has just come back a...prospect of an imminent US Federal Reserve rate hike, sending the Australian dollar lower. Yesterday the...
FOREX - AUSTRALIAN DOLLAR OPENS STRONGER- APRIL 6, 2006.
News wire article from: AsiaPulse News April 6, 2006 700+ words
...April 6 Asia Pulse - The Australian dollar opened stronger in line...interest rates, the Australian dollar is likely to top out...its future than the US Federal Reserve. At 0900 AEST the Australian dollar on the Reserve Bank of...
FOREX - AUSTRALIAN DOLLAR OPENS LOWER - FEB 24, 2004.
News wire article from: Asia Africa Intelligence Wire February 24, 2004 700+ words
...24 Asia Pulse - The Australian dollar opened slightly lower...ignored comments from US Federal Reserve Governor Alan Greenspan. The Australian dollar shed more than three...in the euro and the Australian dollar overnight, but when...
FOREX - AUSTRALIAN DOLLAR OPENS SOFTER - OCT 11, 2007.
News wire article from: AsiaPulse News October 11, 2007 700+ words
...11 Asia Pulse - The Australian dollar opened weaker today...rate cuts by the US Federal Reserve. At 0700 AEST, the Australian dollar was trading at US...Ms Hampton said the Australian dollar had underperformed...
FOREX - AUSTRALIAN DOLLAR HIGHER TO NOON - APRIL 6, 2006.
News wire article from: AsiaPulse News April 6, 2006 700+ words
SYDNEY, April 6 Asia Pulse - The Australian dollar held its overnight gains at noon today...more rate hikes in its future than the US Federal Reserve. At 1200 AEST the Australian dollar on the Reserve Bank of Australia's trade...
Up and down under: as a benchmark for inflation, the australian dollar is at...
Magazine article from: National Review Hale, David (American economist) May 20, 1996 700+ words
...of 1995 and the Australian dollar rallied back to...cents. Should the Federal Reserve and the U.S...target for the Australian dollar in order to reassure...target for the Australian dollar, Federal Reserve officials should...
FOREX - AUSTRALIAN DOLLAR FIRMER AT NOON - FEB 25, 2009.
News wire article from: AsiaPulse News February 25, 2009 700+ words
...0.6538. The Australian dollar reacted positively...world economy. The Australian dollar also moved in line...comments from US Federal Reserve chairman Ben Bernanke supported the Australian dollar's move higher...
For more facts and information, see all results

Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS STEADY - JULY 3, 2006.

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA