|
|
Article: FOREX - AUSTRALIAN DOLLAR ENDS LOWER - NOV 15, 2005.
- Article from:
- AsiaPulse News
- Article date:
- November 15, 2005
CopyrightCOPYRIGHT 2005 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)
|
SYDNEY, Nov 15 Asia Pulse - The Australian dollar closed substantially weaker today having recently hit a 13 month low as investment continued to pour back into the US currency.
At 1700 AEDT the local unit was trading at $US0.7286/90, below yesterday's close of 0.7333/38.
During the day's trade, it reached a high of $US0.7292 and touched a low of 0.7267.
Last night the Australian dollar hit a low of $US0.7264, a level not visited since October 2004.
Commonwealth Bank senior currency strategist Richard Grace said the US currency continued to climb on the prospect of a broadening US-Australian interest rate differential.
"The ...