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FOREX - AUSTRALIAN DOLLAR DOWN AT NOON - MAY 1, 2002.

AsiaPulse News

| May 01, 2002 | COPYRIGHT 2002 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, May 1 Asia Pulse - The Australian dollar has drifted lower to noon with a lack of offshore interest to drive the market.

At 1200 AEST, the Australian dollar was $US0.5371/76 compared with 0.5389/94 at yesterday's close.

The local currency has drifted lower from its opening levels, trading a range from $US0.5370 to 0.5387.

Citibank Australia head of foreign exchange Nick Waite said the Australian dollar was trading very quietly, comfortably staying close to $US0.5375.

With Asian holidays today in Singapore there was a lack of buying interest from offshore names, he said.

The dollar did not blink an eye at the better than expected international trade data released by the ...

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