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FOREX - AUSTRALIAN DOLLAR STARTS STRONGER - MAY 1, 2007.
SYDNEY, May 1 Asia Pulse - The Australian dollar opened higher today as the US dollar slumped amid rising expectations of an interest rate cut in the world's largest economy.
At 0700 AEST, the domestic unit was trading at $US0.8298/03, up from yesterday's close of $US0.8264/69.
Overnight, the currency traded between a low of $US0.8256 and a high of 0.8329.
OzForex corporate dealer Alex Nicholas said the Australian dollar was pushed higher overnight by a sell-off in the US dollar.
The US dollar remained near its 17-year low against the Australian dollar and near its record low against the Euro, with slowing US inflation increasing the chance of an interest rate cut this year.
The US measure of core inflation, the Personal Consumption Expenditure (PCE) index rose 2.1 per cent in March from a year earlier, to sit just above the US Federal Reserve's (Fed) target band of one to ...
- Australian Dollar Remains Supported By Interest Rate Expectations.
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- FOREX - AUSTRALIAN DOLLAR WEAKER AT NOON - MAY 22, 2007.
- News wire article from: AsiaPulse News May 22, 2007 700+ words
...market expectations of an interest rate rise. "We've had some sort of a narrowing of the Australian dollar interest rate advantage," Mr Kyriakopoulos...currency to appreciate. The Australian dollar is expected to have a lower...
- FOREX - AUSTRALIAN DOLLAR ENDS WEAKER - JAN 10, 2007.
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...Pulse - The Australian dollar closed lower...February interest rate decision...said the Australian dollar was meeting...upcoming interest rate decisions...on how the Australian dollar's interest rate advantage...
- FOREX - AUSTRALIAN DOLLAR OPENS HIGHER - NOV 27, 2006.
- News wire article from: AsiaPulse News November 27, 2006 700+ words
...The widening interest rate differential support for the Australian dollar, plus the leveraged...all point to the Australian dollar appreciating further...Roberts said. The Australian dollar's interest rate advantage over its...
- FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - MARCH 6, 2009.
- News wire article from: AsiaPulse News March 6, 2009 700+ words
...6400. At 0700 AEDT, the Australian dollar was trading at US$0...high of US$0.6447. The Australian dollar moved lower during offshore...further negative for the Australian dollar were interest rate cuts from the Bank of England...
Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR STARTS STRONGER - MAY 1, 2007.