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AUSTRALIAN DOLLAR SEEN RISING FURTHER.
SYDNEY, Oct 1 Asia Pulse - Some currency experts now believe the forecast rise of the Australian dollar to 70 US cents by Christmas may be too conservative following the local unit's surge to a five and a half year high last night.
The local dollar catapulted to a high of 68.70 US cents during overnight trade in New York as the United States dollar was savaged across the board.s
The US dollar weakness came as more data - this time consumer confidence - painted a shaky picture of recovery in the world's largest economy.
However, the Australian dollar then retreated from its highest mark since February 1998 as the Bank of Japan entered the market to sell yen, lifting the US dollar off its lows.
At 0842 AEST today, the Australian dollar was at 68.12 US cents after closing yesterday at 68.05.
National Australia Bank head of market strategy Greg McKenna said 70 US cents could now be behind the Australian dollar within weeks.
NAB has raised its sights to target 75 US cents in 2004.
- AUSTRALIAN DOLLAR SINKS CLOSER TO 60 US CENTS.
- News wire article from: AsiaPulse News October 28, 2008 700+ words
...Average closed 2.42 per cent lower and the broader...index fell 3.18 per cent. The Wall Street action...Hong Kong fell 12 per cent. With no major domestic...data out today, the Australian dollar is expected to take direction...currency below 50 US cents. (AAP) 28-10 1048
- ANALYSIS - AUSTRALIAN DOLLAR MAY CLIMB TO 80 US CENTS.
- News wire article from: AsiaPulse News January 1, 2004 700+ words
...that the Australian dollar's meteoric...as 80 US cents. The same...whopping 33 per cent higher in...forecasting the Australian dollar to reach 80 US cents by the middle...of 68 per cent since its...around 22 per cent. The year...floating of the Australian ...
- AUSTRALIAN DOLLAR SMASHES THROUGH 58 US CENT BARRIER.
- News wire article from: AsiaPulse News January 13, 2003 700+ words
...break above 58.30 US cents has opened up the chance...move towards 58.50 US cents and a possible run towards 59.00 US cents. This again raises the spectre of the Australian dollar moving back above the 60 US cent level for the first time...
- ANALYSIS - AUSTRALIAN DOLLAR MAY FALL BELOW 70 US CENTS NEXT YR.
- News wire article from: AsiaPulse News December 23, 2005 700+ words
...will touch 70 US cents by June but slide to 66 US cents by the end of...to 4.5 per cent then paused...the pace of the Australian dollar's decline...outlook for the Australian dollar, predicting...finish at 75 US cents. He said this...by half a per cent in the ...
- AUSTRALIAN DOLLAR COULD FALL TO 72 US CENTS BY YEAR-END.
- News wire article from: AsiaPulse News November 15, 2005 700+ words
...fall as low as 72 US cents before the end of the...week. Last night the Australian dollar touched a low of 72.64 US cents, a level not visited...differential was at 4.24 per cent, in favour of the Australian dollar, but since then interest...
- FOREX - AUSTRALIAN DOLLAR ENDS ABOVE 88 US CENTS - JULY 23, 2007.
- News wire article from: AsiaPulse News July 23, 2007 700+ words
...annual rate of 1.9 per cent. They expect the average...measures to print at 0.7 per cent in the quarter for an annual pace of 2.5 per cent. The Australian dollar ended at 63.76 euro cents from Friday's close of...
- AUSTRALIAN DOLLAR COULD FALL BELOW 70 US CENTS IN 2006.
- News wire article from: AsiaPulse News December 30, 2005 700+ words
...climb back up to 70 US cents by the end of 2006...would touch 70 US cents by June but slide to 66 US cents by the end of the...rates to 4.5 per cent then paused, this...down the pace of the Australian dollar's decline. But...
- AUSTRALIAN DOLLAR SLIPS BACK BELOW 60 US CENTS.
- News wire article from: AsiaPulse News March 14, 2003 700+ words
...Pulse - The Australian dollar slipped back...the 60 US cent barrier as...week the Australian dollar dropped more...a half US cents. That was...for the (Australian dollar) in the 59.60-80 (US cent range...60.30 US cents looks very...
Source: HighBeam Research, AUSTRALIAN DOLLAR SEEN RISING FURTHER.