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FOREX - AUSTRALIAN DOLLAR OPENS DOWN - MAY 1, 2002.
SYDNEY, May 1 Asia Pulse - The Australian dollar opened slightly lower this morning after slipping further below the 54 US cents mark overnight.
At 0700 AEST the Australian dollar was $US0.5381/86 compared with 0.5383/88 at yesterday's close.
The local currency wandered back under $US0.5400 cents overnight, despite grinding up towards that mark in Asian trading yesterday.
Offshore, after initially losing to the Japanese yen yesterday, the US dollar clawed back some of its losses in overnight trading.
JP Morgan strategists said the Australian dollar would base its ...
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