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FOREX - AUSTRALIAN DOLLAR OPENS LOWER - AUG 1, 2003.

AsiaPulse News

| August 01, 2003 | COPYRIGHT 2003 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, Aug 1 Asia Pulse - The Australian dollar slipped below US$0.6500 overnight as a triple shot of positive economic data put a spring in the step of the United States dollar.

At 0700 AEST the Australian dollar was trading at US$0.6485/90 compared with yesterday's close of US$0.6522/27.

The local currency followed a soggy euro lower as poor economic data put the European unit on the back foot.

The Australian dollar slid from its closing level to US$0.6473 in the London trading session.

Then positive economic data added extra weight to the domestic unit's slide and it touched session lows of US$0.6464 in New York.

US jobless claims, an advanced look at economic growth and an index of business activity all came in ...

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Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS LOWER - AUG 1, 2003.

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