The Australian Financial Review --- Page: 22 : 6 February 2007 No author supplied for original article
ABIX Summary
The Australian dollar was buying $US0.7732 late in trading on 5 February 2007, having reached a high of $US0.7752. The currency slumped to a low of $US0.7726 in response to the release of disappointing retail sales and housing approvals data for December 2006. However, the currency found support as economists indicated that GDP should be boosted by stronger retail sales for the December quarter. Meanwhile, official interest rates are expected to remain unchanged when the Reserve Bank board meets on 6 February.
