The Australian Financial Review --- Page: 19 : 31 January 2007 No author supplied for original article
ABIX Summary
The Australian dollar was buying $US0.7731 late in trading on 30 January 2007, down from $US0.7738 previously. The currency has fallen by over two per cent since inflation figures for the December 2006 quarter seemed to rule out a rise in official interest rates in February 2007. Meanwhile, the narrowing of the gap between Australian and US 10-year bond yields has also made the US dollar more attractive to international investors.
