5 October 2001, 10:06 Forex - Australian dollar higher after US data, buying of Australian bonds
SYDNEY (AFX) - The Australian dollar was higher in late afternoon
on the US jobless claims data and buying of Australian bonds, dealers
said.
The unit traded between a high of 0.5020 usd and a low of 0.4987
during the day.
IBJ Australia Bank foreign exchange trader Scott Lewis said the
Australian dollar benefited from a sharp rise in US jobless claims data
overnight and buying of Australian bonds from Japan.
He said some selling orders are being placed at 0.5020-0.5030 usd
which could prove to be resistence level for the unit while support for
the next 48 hours would be at 0.4980.
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