The Australian Financial Review --- Page: 24 : 20 March 2007 No author supplied for original article
ABIX Summary
The Australian dollar was buying $US0.7956 late in trading on 19 March 2007, up from $US0.7922 previously. The currency reached an intra-day high of $US0.7963 amid expectations that US interest rates will remain unchanged in March. Besa Deda of the Commonwealth Bank says investors will be waiting to see if the US Federal Reserve's monetary policy statement provides any guidance on the outlook for inflation and the housing market. Meanwhile, there is a growing possibility of a rise in Australia's official interest rates in April.
