Tuesday, June 5, 2007

Australian Dollar Strengthens to 18-Year High on Faster Economic Growth

(Bloomberg) -- The Australian dollar rose to the
strongest since Feb. 1989 after a government report showed
economic growth in the first quarter was faster than expected.
Bonds fell.

The currency bought 84.13 U.S. cents at 11:37 a.m. in Sydney
from 83.82 cents immediately before the report and 83.83 cents
late in Asia yesterday.


Read more at Bloomberg Currencies News

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