Business Services Industry
Aussie gains as greenback falters.
Australasian Business Intelligence, April, 2006
Byline: Alexander Symonds
Apr 19, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Australian dollar was buying $US0.7427 in early European trading on 19 April, as sentiment swung away from the US currency. So far this month the dollar has gained 3.6 per cent against the "greenback" after falling to 18-month lows in March. Traders began selling the US dollar after the US Federal Reserve indicated that its tightening program was coming to an end. In Australia, expectations of another rise in rates have increased. Meanwhile, the yield on the Australian 10-year bond fell to 5.59 per cent from 5.61 per cent previously.
Publication Date: 20 April 2006
UNITED STATES. FEDERAL RESERVE BOARD
UNITED STATES. FEDERAL OPEN...
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