The Australian Financial Review --- Page: 26 : 18 March 2008 Original article by Katja Buhrer
LexisNexis Summary
The Australian dollar reached a low of $US0.9203 on 17 March 2008, after peaking at $US0.9447. The currency was sold down in response to a fall in equity markets following the financial crisis that has engulfed US investment bank Bear Stearns. The Australian dollar also lost ground against the Japanese yen, while the US dollar continued its downward trend amid growing expectations that the US Federal Reserve will again aggressively cut interest rates at its monthly meeting.
