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AUSTRALIAN DOLLAR FORECAST TO SURGE ABOVE 70 US CENTS.

Publication: AsiaPulse News

Publication Date: 30-JUN-03
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COPYRIGHT 2003 Asia Pulse Pty Ltd

SYDNEY, June 30 Asia Pulse - Driven by relatively high interest rates, Australia's dollar is expected to surge above 70 US cents in the new financial year.

In a remarkable 12 months, the Australian dollar has traded a 15 US cent range, and ends 2002/03 nearly 20 per cent higher.

The Australian dollar rounded out the financial year around 66.66 US cents today, compared with 56.45 at the close of local trade on June 28, 2002, and up from Friday's close...

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