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Article: FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - JULY 30, 2003.
- Article from:
- AsiaPulse News
- Article date:
- July 30, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, July 30 Asia Pulse - The Australian dollar opened weaker today after the United States dollar managed to make gains overnight despite poor economic data.
At 0700 AEST the Australian dollar was trading at US$0.6628/33 compared with yesterday's close of US$0.6647/52.
The local currency felt the pressure of a resurgent US dollar, which defied an early sell-off sparked by a drop in consumer confidence to close higher against most major currencies.
The Conference Board consumer confidence index fell to 76.6 in July from 83.5 in June.
The market, which had expected the index to come in at around 85, refused to dwell on the figure and ...