Tuesday, June 5, 2007

Dollar slips before ECB, Aussie hits 17-year high

(Reuters) - The dollar slipped for a third day against the euro on Wednesday as market players awaited a widely expected European Central Bank interest rate rise later in the session along with clues on how much higher rates could climb.

The Australian dollar surged to a 17-year peak against the U.S. dollar after robust first-quarter growth data suggested Australian rates could rise further, helping lift the New Zealand dollar to its highest since being floated in 1985.


Read more at Reuters Africa

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