The Australian Financial Review --- Page: 22 : 14 August 2007 No author supplied for original article
LexisNexis Summary
The Australian dollar ($A) improved against the US currency on 13 August 2007 due to the increased chance of rate rises. The Reserve Bank of Australia's (RBA) quarterly statement on monetary policy was considered more hawkish than anticipated, which raised the $A to an intra-day high of $US0.8505, compared with a six-week low of $US0.84 on 10 August. In the week ending 10 August the RBA increased rates 25 basis points to 6.5 per cent, or an 11-year high.
