|
COPYRIGHT 2007 Asia Pulse Pty Ltd
SYDNEY, Dec 31 Asia Pulse - The Australian dollar was stronger at noon, touching $US0.8800, as surprisingly strong private sector credit data and weak US new home sales numbers gave the currency a boost.
At 1200 AEDT, the Australian dollar was trading at .8794/97, up from Friday's close of $US0.8723/28.
During the morning session, the domestic currency traded between a low of $US0.8733 and a high of 0.8800.
The local unit shot up from $US0.8785 to 0.8800 sixteen minutes after the Reserve Bank of Australia (RBA) revealed at 1130 AEDT that total credit to the private sector, from financial...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
