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FOREX - AUSTRALIAN DOLLAR OPENS SLIGHTLY LOWER - JUNE 2, 2008.
SYDNEY, June 2 Asia Pulse - The Australian dollar has opened slightly weaker after an up-and-down weekend session.
At 0700 AEST, the Australian dollar was trading at $US0.9543 48, down from Friday's close of 0.9556/59.
During the weekend offshore session, the unit traded between a low of $US0.9515 and a high of 0.9579.
The Australian dollar was trading higher ahead of the New York session on Friday night, but fell to its weekend low on the back of some encouraging US data.
The Chicago performance of manufacturing index, as well as US personal income, personal spending figures and consumer confidence figures, were mostly positive.
Suncorp strategic analyst treasury services Peter Pontikis said the Australian dollar followed most other currencies, which fell after the release of the encouraging US data.
"It was basically a good news night (in the US)," Mr Pontikis said from Brisbane.
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Source: HighBeam Research, FOREX - AUSTRALIAN DOLLAR OPENS SLIGHTLY LOWER - JUNE 2, 2008.