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Morning Market Report: US GDP surges at 7.2%; Dollar hits $US0.7100 overnight

... Commonwealth Bank and John Fairfax meeting shareholders today. The Australian dollar opened weaker today despite charging above $US0.7100 overnight towards a six-year high just moments before the release of surprisingly strong United States GDP data. ...

Strong dollar a concern: MIG

AAP  |  THURSDAY, 30 OCT 2003
... will move by 31 December," he said. The Australian dollar has rallied steadily over the last six months, holding firmly above 70 US cents by today's close. Real interest rates have also risen, as oil prices have dropped and the rate of inflation has ...

Westpac delivers double-digit cash earnings growth

... Financial's cash earnings were up 48% on 2002 and up 21% on the previous half year. BT has achieved $54 million in synergies, 17% above initial forecasts. Dr Morgan said, "We have the right balance between growth and return, having again delivered consistent ...

Henderson wins long-term mandate competition in the UK

... genuinely long-term and responsible manner. Henderson's winning proposal's objective was to grow the notional mandate "at a rate above the required to meet all future liabilities, without taking undue risk." The submission had sought to take advantage ...

Morning market Wrap: US Fed Reserve holds rates steady

... Wall Street is once again, not if, but when will the Fed raise rates?" The Australian dollar opened stronger today, pushing above the $US0.7050 level after the United States Federal Reserve decision. At 0700 AEDT the Australian dollar was trading at ...

Afternoon Market Wrap: $A closes above 70 cents, Nikkei edges higher

The Australian dollar closed well above 70 US cents today, buoyed by very strong world commodity prices and a wide interest rate differential with the United States. At 1700 AEDT the Australian dollar was trading at $US0.7030/34 compared with yesterday's ...

Morning Market Wrap: Exporter demand drives up dollar

The Australian dollar opened stronger across the board today, edging well above the $US0.7000 level after gaining ground from exporter demand, an analyst said. At 0700 AEDT the Australian dollar was trading at $US0.7046/51 compared with yesterday's ...

Midday Market Wrap: Dollar gets handle over 70 US cents

AAP  |  FRIDAY, 24 OCT 2003
The Australian dollar was weaker at noon but had managed to get a handle back above 70 US cents after some overnight losses. At 1200 AEST the Australian dollar was trading at $US0.7013/19 compared with yesterday's close of 0.7035/38. The local unit ...

Midday Market Wrap: Dollar and bonds stronger

The Australian dollar was stronger at noon, above 70 US cents as a host of international and domestic factors support its strength. At 1200 AEST the Australian dollar was trading at $US0.7053/59 compared with yesterday's close of 0.7005/10. It had traded ...

Annualised growth rate beats long term trend: Westpac/MI

AAP  |  WEDNESDAY, 22 OCT 2003
... which normally indicates the likely pace of economic activity six-nine months into the future, was 3.3 per cent in August, above its long term trend of 3.0 per cent. Westpac's global head of economics, Bill Evans, said the result confirm the consistent ...