Dollar defies resurgent $US.(Brief Article)

Australasian Business Intelligence, March, 2005 by Irvine, Jessica

Mar 21, 2005 (The Sydney Morning Herald - ABIX via COMTEX)

The Australian dollar remained strong on 21 March 2005. This was despite a rejuvenated US dollar, which was driven upwards by predictions that the US Federal Reserve Board will unveil the seventh interest rate rise in a row to 2.75 per cent and speak about a faster pace of rate rises amid the pressure on the nation's inflation because of crude oil prices. The Australian dollar has been propped up by commodity prices and expectations that local interest rates will be increased in April 2005.

Publication Date: 22 March 2005

UNITED STATES.  FEDERAL RESERVE 
      BOARD: 
CITIGROUP PTY LTD: 
NATIONAL AUSTRALIA BANK LIMITED - 
      ASX NAB: 
REUTERS HOLDINGS PLC: 
COMMODITY RESEARCH...

            
        
    
    	    
                
                
	

		

					 
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