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FOREX - AUSTRALIAN DOLLAR SHARPLY STRONGER AT NOON - NOV 1, 2006.
SYDNEY, Nov 1 Asia Pulse - The Australian dollar was sharply stronger at noon today, with interest rate support and renewed US dollar weakness sending the local unit to its highest level in over five months.
At 1200 AEDT the domestic currency was at $US0.7746/49, about half a US cent better than yesterday's close of 0.7697 01.
This morning it reached a low of $US0.7735 and a high of 0.7757, a level not seen since mid-May this year.
RBC Capital Markets senior economist Su-Lin Ong said the currency had climbed to its morning high after the release of a strong building approvals report for September.
This was yet another piece of data sealing the case for a local interest rate ...
- Fed: No sign of interest rate rises as building approvals plunge.
- News wire article from: Asia Africa Intelligence Wire October 31, 2002 700+ words
...AAP - A big plunge in approvals to build new homes today ended any talk of an interest rate rise in the forseeable future, economists said. Building approvals dropped 19.4 per cent to 14,135 in September, the biggest monthly fall on...
- WRAP-No sign interest rate rises as Aust building approvals fall.
- News wire article from: Asia Africa Intelligence Wire October 31, 2002 700+ words
...AAP - A big plunge in approvals to build new homes today ended any talk of an interest rate rise in the forseeable future, economists said. Building approvals dropped 19.4 per cent to 14,135 in September, the biggest monthly fall on...
- INTEREST RATE CUT FORECAST TO LIFT AUSTRALIAN BUILDING APPROVALS.
- News wire article from: AsiaPulse News September 2, 2008 700+ words
...SYDNEY, Sept 2 Asia Pulse - Building approvals in Australia have fallen...economists say. Australian building approvals fell 2.3 per cent to...Stephen Walters said the building approvals data was weaker than expected...great." Mr Carr said any interest rate cut today ...
- AUSTRALIAN BUILDING APPROVALS DROP 2.8 PCT IN OCT.
- News wire article from: AsiaPulse News December 4, 2007 700+ words
...Edwards said the latest building approvals data would be consistent...the threat of more interest rate rises had discouraged...expected the fall in building approvals to continue given last month's interest rate rise. "What we...
- Building approvals at seven-year low.
- News wire article from: Bulletin Wire December 4, 2008 700+ words
...commit to things like building approvals." In the year to October, building approvals were 26 per cent lower...economist Alex Joiner said building approvals had a strong historical relationship with interest rate cuts. "We expect...
- Building approvals fall 7.2% in Sept.
- News wire article from: Bulletin Wire November 5, 2008 700+ words
...in monthly building approvals to a seven...pressure for more interest rate cuts, economists say. Building approvals fell by a greater...he expected building approvals to lift for...December as interest rate cuts by the...
- AUST BUILDING APPROVALS HIT 7-YEAR LOW, MORE RATE CUTS TO COME.
- News wire article from: AsiaPulse News November 5, 2008 700+ words
...in monthly building approvals to a seven...pressure for more interest rate cuts, economists say. Building approvals fell by a greater...he expected building approvals to lift for...December as interest rate cuts by the...
- CORR - AUSTRALIAN BUILDING APPROVALS RISE 6.8 PCT IN SEPT.
- News wire article from: AsiaPulse News October 31, 2007 700+ words
...the way. Building approvals rose a seasonally...Bank that an interest rate increase next...he said. "Building approvals may have begun...Hassan said the building approvals figures added...an official interest rate increase next...
- Aust building approvals fall eases rate hike concern: economists.
- News wire article from: Asia Africa Intelligence Wire October 31, 2002 700+ words
...SYDNEY, Oct 31 AAP - A sharp drop in building approvals figures in September has eradicated any remaining possibility of an interest rate hike next week, according to economists. Building approvals fell a seasonally adjusted 19.4...
- WRAP - Aust building approvals fall eases rate hike chances.
- News wire article from: Asia Africa Intelligence Wire October 31, 2002 700+ words
...SYDNEY, Oct 31 AAP - A sharp drop in building approvals figures in September has eradicated any remaining possibility of an interest rate hike next week, according to economists. Building approvals fell a seasonally adjusted 19.4...
Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR SHARPLY STRONGER AT NOON - NOV 1, 2006.