AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - AUGUST 1, 2007.
SYDNEY, August 1 Asia Pulse - The Australian dollar has opened weaker after tumbling yet again on risk aversion after news of more trouble in the US mortgage market.
At 0700 AEST, the Australian dollar was trading at US$0.8514 19, down from yesterday's close of 0.8597/98.
Overnight, it traded between a low of US$0.8511 and a high of 0.8610.
New Zealand based Bank of New Zealand currency strategists Danica Hampton said the currency was range-bound most of the night until early morning credit concerns in the US sparked a sharp fall in the US equity market and caused currency traders to close risky positions.
The Dow Jones industrial average fell 146.32 points, or 1.10 per cent, to 13,211.99, while the Standard & Poor's 500 Index dropped 18.64 points, or 1.26 per cent, to 1,455.27.
The Nasdaq Composite Index was down 37.01 points, or 1.43 per cent, to 2,546.27.
"That really has triggered another liquidation of carry trades, so that really pressured the Aussie dollar lower," she said.
- FOREX - AUSTRALIAN DOLLAR ENDS WEAKER - NOV 17, 2008.
- News wire article from: AsiaPulse News November 17, 2008 700+ words
...85 US cents. The Australian dollar opened weaker at the...CCA) helped fuel Australian dollar demand. Media reports that China Investment Corp was in talks to buy...close of trade, the Australian dollar was worth 62.53...
- FOREX - AUSTRALIAN DOLLAR WEAKER AT NOON - AUG 1, 2007.
- News wire article from: AsiaPulse News August 1, 2007 700+ words
...1200 AEST, the Australian dollar was trading at US...Greg Gibbs said the Australian dollar was under pressure...American Home Mortgage Investment Corp that it was unable...same month. The Australian dollar has crept up from...
- AUSTRALIAN DOLLAR SET FOR ANOTHER BUMPY RIDE IN 2009.
- News wire article from: AsiaPulse News December 24, 2008 700+ words
SYDNEY, Dec 24 Asia Pulse - The Australian dollar looks set to travel a wide trading...delaying a recovery in Australia. The Australian dollar was trading around 67.90 US cents...new calendar year since 2003. The Australian dollar is forecast to be around 61 US cents...
- AUSTRALIAN DOLLAR MAY STILL PLUNGE MUCH FURTHER: ANALYSTS.
- News wire article from: AsiaPulse News October 7, 2008 700+ words
...Oct 7 Asia Pulse - The Australian dollar plunged 6.8 per cent...world share markets saw the Australian dollar fall five US cents from...Since mid-July, the Australian dollar has shed 29 per cent since...
- FOREX - AUSTRALIAN DOLLAR ENDS LOWER - OCT 27, 2008.
- News wire article from: AsiaPulse News October 27, 2008 700+ words
SYDNEY, Oct 27 Asia Pulse - The Australian dollar could fall below 60 US cents, despite...the commodities-driven unit. The Australian dollar has shed almost 40 per cent of its...confirmed today it had bought the Australian dollar on Friday night as the currency tumbled...
- AUSTRALIAN DOLLAR SINKS CLOSER TO 60 US CENTS.
- News wire article from: AsiaPulse News October 28, 2008 700+ words
SYDNEY, Oct 28 Asia Pulse - The Australian dollar was in danger of sinking below 60...days. Traders continued to shun the Australian dollar during another weak offshore session...point again two hours later. The Australian dollar last fell below 60 US cents on April...
- FOREX - AUSTRALIAN DOLLAR CRASHES TO TWO YEAR LOW - OCT 6, 2008.
- News wire article from: AsiaPulse News October 6, 2008 700+ words
SYDNEY, Oct 6 Asia Pulse - The Australian dollar has closed at a two-year low following...battered the local currency. The Australian dollar fell 3.05 US cents, the biggest...11 US cents. At 1700 AEST, the Australian dollar was trading at US$0.7495 98...
- AUSTRALIAN DOLLAR SMASHES THROUGH 58 US CENT BARRIER.
- News wire article from: AsiaPulse News January 13, 2003 700+ words
...Jan 13 Asia Pulse - The Australian dollar traded as high as 58.43...all combined to see the Australian dollar higher. Dealers added that...generally expecting the Australian dollar to continue its record setting...
Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - AUGUST 1, 2007.