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FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - FEB 1, 2007.
SYDNEY, Feb 1 Asia Pulse - The Australian dollar opened firmer today for the first time in eight days, as mixed inflation data moderated the impact of stronger-than-expected US economic growth figures.
At 0700 AEDT, the domestic currency was at $0.7757/61, up from yesterday's close of 0.7721/26.
Overnight, the local unit traded in a wide range of .7698 and 0.7769.
ANZ senior interest rate strategist, Sally Auld, said the US dollar ran into trouble with the mixed batch of US data overnight.
"We had some strong releases with GDP (gross domestic product) and the employment report, but then the data turned the other way with a softer Chicago PMI and softer cost employment index and that has given the Aussie dollar a real boost," she said.
"It's been onwards and upwards since then and we have rallied almost 70 (pips)."
US GDP grew at a faster pace than forecast, rising 3.5 per cent annually in the final quarter of last year.
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