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FOREX - AUSTRALIAN DOLLAR OPENS LOWER - MARCH 3, 2008.
SYDNEY, March 3 Asia Pulse - The Australian dollar has opened lower, shedding more than a cent over the weekend after a heavy bout of risk aversion hurt the high-yielding currency.
At 0700 AEDT, the Australian dollar was trading at .9307/09, down more than a cent from Friday's close of 0.9453/59.
During the weekend offshore session, the domestic currency traded between a low of $US0.9305 and a high of 0.9487.
Investors abandoned the Australian dollar on Friday night, after a stream of bad news from the US sparked fresh concerns that the slumping US economy will threaten global growth, according to Bank of New Zealand currency strategist Danica Hampton.
"It's been skyrocketing risk aversion that's caused the plunge on the Aussie," Ms Hampton said from Wellington today.
The Reuters/University of Michigan consumer index fell to a 16-year-low in February, while the Chicago purchasing management index, a US regional manufacturing report, came in well below market forecast.
The figures capped off a string of poor US economic data, which earlier in the week had helped the Australian dollar reach a 24-year high of $US0.9498 as the US dollar was sold off and slumped to record lows.
- FOREX - AUSTRALIAN DOLLAR ENDS LOWER - OCT 27, 2008.
- News wire article from: AsiaPulse News October 27, 2008 700+ words
...bought the Australian dollar on Friday night as the currency...cents on Friday night. However...said the Australian dollar could fall...yen, the Australian dollar fell to 55.10 yen on Friday night, its lowest...
- FOREX - AUSTRALIAN DOLLAR STRONGER TO NOON - JAN 9, 2006.
- News wire article from: AsiaPulse News January 9, 2006 700+ words
...Jan 9 Asia Pulse - The Australian dollar was stronger at noon today...fresh buying interest to the Australian dollar. "Friday night was most certainly was a...payrolls figures released Friday night showed only 108,000 jobs...
- FOREX - AUSTRALIAN DOLLAR WEAKER TO NOON - OCT 27, 2008.
- News wire article from: AsiaPulse News October 27, 2008 700+ words
...hard, including the Australian dollar. On Friday night, the Australian dollar slumped to 60.57 US...1.5 US cents from Friday night's low indicated the...Mr Halmarick said the Australian dollar would be at the mercy...
- AUSTRALIAN DOLLAR SINKS CLOSER TO 60 US CENTS.
- News wire article from: AsiaPulse News October 28, 2008 700+ words
...again two hours later. The Australian dollar last fell below 60 US cents...bank acted to prop up the Australian dollar on Friday night and yesterday for the third...strategist Sean Callow said the Australian dollar was likely to fall below...
- FOREX - AUSTRALIAN DOLLAR OPENS STRONGER - JUNE 21, 2004.
- News wire article from: AsiaPulse News June 21, 2004 700+ words
...Asia Pulse - The Australian dollar opened stronger...rising sharply on Friday night on the back of...close. Since Friday night it reached a high...billion pushed the Australian dollar upwards. "Friday night the US dollar...
- FOREX - AUSTRALIAN DOLLAR ENDS HIGHER - JUNE 21, 2004.
- News wire article from: AsiaPulse News June 21, 2004 700+ words
...Pulse - The Australian dollar closed just...buoyed by Friday night's gains...day for the Australian dollar after Friday night's rally...bounce on Friday night on the back...lead to the Australian dollar pushing up...
- FOREX - AUSTRALIAN DOLLAR ENDS HIGHER - AUG 16, 2004.
- News wire article from: AsiaPulse News August 16, 2004 700+ words
...Pulse - The Australian dollar added to Friday night's gains...said the Australian dollar had climbed...dollar on Friday night. The US...currencies on Friday night after a report...helped the Australian dollar this morning...
- FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - FEB 23, 2009.
- News wire article from: AsiaPulse News February 23, 2009 700+ words
...0700 AEDT, the Australian dollar was trading at...6497. The Australian dollar appreciated on Friday night as traders sold...selling helped the Australian dollar. "There were...Street faltered on Friday night, with the broader...