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Morning Market Wrap: Dollar stronger

The Australian dollar opened stronger today, swiftly edging above the $US0.6900 level it reached on Friday after the United States dollar fell across the board. At 0700 AEST the Australian dollar was trading at $US0.6951/56 compared with Friday's close ...

Midday Market Wrap: US dollar rebound flattens dollar

... euro and yen - and that led to a softer Aussie," Mr Waite said. "We have bounced off the lows but haven't re-established above 68.80 so this US dollar strength is still in place there is a chance we can drift off slowly," he added. The Australian share ...

Consumer sentiment rises to nine-year high: Westpac

AAP  |  WEDNESDAY, 15 OCT 2003
... following a rise of 3.2 per cent in September. The index has risen by almost 21 per cent since March and is 14.7 per cent above its level one year ago. Westpac global head of economics, Bill Evans, said the sentiment rise followed the release of favourable ...

AMP faces $1 billion writedown

AAP  |  TUESDAY, 14 OCT 2003
... which soared four per cent on Friday, shot up another 18 cents or 2.6 per cent to $7.10 yesterday, the first time they been above the $7.00 mark since May. The surge came as chief executive Andrew Mohl updated analysts on AMP's plan to split its busi ...

Morning Market Wrap: Lacklustre lead from US; Dollar starts strong

... today are Austrim Nylex Ltd and Beston Wine Industry Trust. The Australian dollar began the week in a strong position, back above $US0.6900 after a weakening United States dollar paved the way for more gains over the weekend. At 0700 AEST the Australian ...

Dollar consolidates ahead of $US0.70 push

AAP  |  FRIDAY, 10 OCT 2003
... too quickly and is now pulling back from that and going through a bit of a consolidation phase in direction with staying above the previous resistance level which was around 0.6850," he said. "We're just going through a bit of consolidation in the short ...

Housing finance expected to have risen in August

AAP  |  THURSDAY, 9 OCT 2003
... current speculation of rate hikes wasn't on the agenda in August and the backdrop for housing was strong. St George has gone above market consensus in forecasting a four per cent rise. "It was really off the agenda back then and if anything there was ...

Morning Market Wrap:End of winning streak; dollar sets fresh high

... a fairly tight range overnight, slipping from its highs in London to a low of $US0.6885 in New York before climbing back above $US0.6900. JP Morgan analysts said there was more upside potential in the Australian dollar's current run upwards towards $US0.7000. ...

Interest rates steady but rise on the way: economists

AAP  |  WEDNESDAY, 8 OCT 2003
... US cents overnight and has rocketed more than 20 per cent over 2003. Currency experts tip the Australian dollar to head above 70 US cents in coming months. "That acts as a constraint on growth. I don't think it removes the need for a tightening, the ...

Morning Market Wrap: Dollar hits six year high

The Australian dollar charged above $US0.6900 overnight to hit its highest level in nearly six years as the United States dollar crumbled across the board. The local unit hit $US0.6920 in New York - its highest level since January of 1998. At 0700 the ...