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FOREX - AUSTRALIAN DOLLAR UP AT NOON - DEC 3, 2001.

AsiaPulse News

| December 03, 2001 | COPYRIGHT 2001 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, Dec 3 Asia Pulse - The Australian dollar is firmer from Friday but has experienced little price action over the early part of the day and dealers expect the unit to remain range bound over the course of the session.

At 1200 AEDT, the Australian dollar was trading at $US0.5210/15, from 0.5195/00 at Friday's close.

The Australian dollar has struggled to make a firm move forward after threatening the $US0.5230 area in UK Friday trade, but dealers said that there is sufficient buying interest to see the unit well supported on any dips below 0.5200.

"It has been pretty quiet, again we have come off," said a Sydney based trader.

"It is just going to be quiet and trading ...

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