Business Services Industry
Bourse bolts ahead as the dollar dwindles.
Australasian Business Intelligence, December, 2005
Byline: Kevin Andrusiak
Dec 28, 2005 (The Australian - ABIX via COMTEX) -- The Australian stock market and the Australian dollar are heading in opposite
directions as 2005 draws to a close. The sharemarket seems to be intent on making one last upwards run before the end of the year, recording increases on eight of the nine trading days to 28 December. On 28 December the All Ordinaries and S&P/ASX 200 indices closed up at 4697.3 and 4755.6 points
respectively. Meanwhile the dollar continues to slide, influenced by US interest rate rises. It closed at $US0.7282, and analysts predict that it may drop well below $US0.70
over the coming year. Good coal and iron...
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