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FOREX - AUSTRALIAN DOLLAR OPENS SHARPLY HIGHER - NOV 1, 2006.
SYDNEY, Nov 1 Asia Pulse - The Australian dollar opened nearly half a US cent higher today, supported by rate hike expectations, while the US dollar suffered as US consumer confidence unexpectedly declined.
At 0700 AEDT the domestic currency was at $US0.7744/49, well up from yesterday's close of 0.7697/01.
Overnight it reached a low of $US0.7671 and high of 0.7752.
OzForex corporate dealer Alex Nicholas said the US dollar came under pressure last night as consumer confidence dipped and business activity slowed.
"This is all feeding the belief that the Fed (US Federal Reserve) might cut borrowing costs and start lowering interest rates rather than remain in the current holding pattern," he said.
"This is obviously helping the Aussie out."
Despite the fall in energy prices, US consumer confidence dipped as workers became more concerned about job availability and the state of the economy.
- FOREX - AUSTRALIAN DOLLAR CLOSES STRONGER - OCT 30, 2001.
- News wire article from: AsiaPulse News October 30, 2001 700+ words
...undermine the Australian dollar. Consumer confidence for October...so a weaker consumer confidence number is not...Australia, said the consumer confidence figure was closely...pressure to the Australian dollar tonight. He...
- FOREX - AUSTRALIAN DOLLAR LOWER AT MIDDAY - MARCH 28, 2007.
- News wire article from: AsiaPulse News March 28, 2007 700+ words
...28 Asia Pulse - The Australian dollar was lower during morning...is priced in." The Australian dollar would be under more...currencies including the Australian dollar." In the US, consumer confidence fell to 107.2 in March...
- AUSTRALIAN CONSUMER CONFIDENCE UP FOR DECEMBER:SURVEY.
- News wire article from: AsiaPulse News December 13, 2000 700+ words
...recently, Australian consumer confidence rose in December for...rates and a stronger Australian dollar for propping up consumer confidence. "This rise would...welcomed stability in the Australian dollar which would have also...
- FOREX - AUSTRALIAN DOLLAR OPENS HIGHER - MAY 30, 2001.
- News wire article from: AsiaPulse News May 30, 2001 700+ words
...Pulse - The Australian dollar has survived...stronger consumer confidence in the United...AEST the Australian dollar was at...The US Consumer Confidence Index rose...overnight and the Australian dollar survived...
- FOREX - AUSTRALIAN DOLLAR FIRMER AT NOON - DEC 13, 2006.
- News wire article from: AsiaPulse News December 13, 2006 700+ words
SYDNEY, Dec 13 Asia Pulse - The Australian dollar rose after a survey showed consumer confidence jumped in December and the US Federal Reserve Board signalled US growth was slowing. At 1200 AEDT, the domestic unit was at US...
- FOREX - AUSTRALIAN DOLLAR CLOSES SLIGHTLY HIGHER - JAN 31, 2001.
- News wire article from: AsiaPulse News January 31, 2001 700+ words
...rates have helped prompt the Australian dollar higher today, despite bad...the markets that very poor consumer confidence figures in the US overnight...US consumer confidence, the Australian dollar gained almost half a US cent...
- FOREX - AUSTRALIAN DOLLAR BEGINS SOFTER - JUNE 30, 2004.
- News wire article from: AsiaPulse News June 30, 2004 700+ words
...sentiment against the Australian dollar," he said. Markets...night. "(The Australian dollar) was somewhat heavy going into the (consumer confidence) number, and...backdrop for the Australian dollar," he said. ASIA...
- FOREX - AUSTRALIAN DOLLAR OPENS UNCHANGED - OCT 14, 2002.
- News wire article from: AsiaPulse News October 14, 2002 700+ words
...Bali. At 0700 AEST, the Australian dollar was worth US$0.5470...flowed through to the Australian dollar to some degree, although...probably temporary effect on consumer confidence, the Australian dollar and equity prices...