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Article: FOREX - AUSTRALIAN DOLLAR OPENS WEAKER - DEC 30, 2002.
- Article from:
- AsiaPulse News
- Article date:
- December 30, 2002
CopyrightCOPYRIGHT 2002 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, Dec 30 Asia Pulse - The Australian dollar opened softer, falling nearly half a US cent in weekend trading as risk aversion trade sidelined the local currency.
At 0900 AEDT, the Australian dollar was at $US0.5608/13, compared with $US0.5641/46 at Friday's close.
The Australian dollar traded as low as $US0.5603 on Friday night, pushed lower by weakness on United States equity markets and risk aversion trading.
The high on Friday night was $US0.5649.
The US dollar also suffered, with concerns over possible war with Iraq and fears about North Korea's nuclear plans pushing the major currency to ...