A little lift left in $A, regardless of any rate rise
Wed Apr 4 2007
The Australian Financial Review --- Page: 19 : 4 April 2007 Original article by Matthew Cranston
ABIX Summary
The Australian dollar was buying $US0.8141 late in trading on 3 April 2007, after peaking at a 10-year high of $US0.8182. The currency reached an 18-year high of 66.6 on the trade-weighted index, as financial markets continued to be driven by speculation that official interest rates will be increased to 6.5 per cent on 4 April. Stephen Walters of JP Morgan believes that the dollar will slide if interest rates are not increased, noting that much of the currency's recent gains can be attributed to the prospect of a rate rise.
