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Article: FOREX - AUSTRALIAN DOLLAR WEAKER AT NOON - DEC 11, 2003.
- Article from:
- AsiaPulse News
- Article date:
- December 11, 2003
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SYDNEY, Dec 11 Asia Pulse - The Australian dollar was weaker at noon as sellers began lining up for some pre-Christmas profit taking, an analysts said.
At 1200 AEDT the Australian dollar was trading at .7365/70 compared with yesterday's close of 0.7397/02.
Overnight, the local unit reached a high of 74.11 US cents and a low of 73.65 US cents before opening a fraction below 74 US cents.
MMS International strategist Glen Bull said the Australian dollar headed south in the domestic session due to broad US dollar buying.
"People see this as the bottom in the US dollar into year-end and they are basically using that as an excuse to take ...