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FOREX - AUSTRALIAN DOLLAR OPENS LOWER - APRIL 1, 2008.
SYDNEY, April 1 Asia Pulse - The Aussie dollar has opened weaker, dragged lower by drooping commodity prices overnight.
At 0700 AEDT, the Australian dollar was trading at $US0.9138 41, down from yesterday's close of $US0.9163/67.
During the overnight session, the Australian dollar traded between $US0.9103 and 0.9180.
Westpac New Zealand market strategist Michael Gordon said falling commodities had dragged the Australian dollar down.
"The Aussie dollar lagged against the other major currencies," Mr Gordon said.
"Commodity prices across the board as a whole were weaker."
Mr Gordon said today's key event would be the Reserve Bank of Australia's (RBA) monthly board meeting, after which the bank will announce its decision on official cash rates.
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Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS LOWER - APRIL 1, 2008.