|
|
Article: FOREX - AUSTRALIAN DOLLAR OPENS FIRMER - FEB 7, 2008.
- Article from:
- AsiaPulse News
- Article date:
- February 7, 2008
CopyrightCOPYRIGHT 2008 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, Feb 7 Asia Pulse - The Australian dollar opened moderately firmer today as easing anxiety about a US recession helped commodities-based currencies recover.
At 0700 AEDT, the Australian dollar was trading at .8975/80, up from yesterday's close of 0.8952/58.
During the overnight offshore session, the domestic currency traded between a low of $US0.8909 and a high of 0.8998.
Bank of New Zealand currency strategist Danica Hampton said the Australian dollar recovered in the overnight session as traders worried less about a global slowdown stemming from a possible US recession.
"We saw equity markets stabilise a little last night, ...