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Aussie dollar poised to rise after Fed meeting


Thu May 10 2007

The Australian Financial Review --- Page: 30 : 10 May 2007
No author supplied for original article

ABIX Summary
The Australian dollar was buying $US0.8293 late in trading on 9 May 2007, down from $US0.8308 previously. Currency markets are keenly awaiting the release of Australia's labour market data for April, as well as the latest monetary policy statement from the US Federal Open Markets Committee (FOMC). John Kyriakopoulos of nabCapital says the Australian dollar could rally in coming days if the employment numbers are good and the FOMC's statement is "dovish".


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