Monday, July 2, 2007

Australian Dollar Falls After Retail Sales and Building Approvals Reports

(Bloomberg) -- The Australian dollar fell from near
an 18-year high after government reports showed retail sales and
building approvals declined in May. Bonds rose.

The currency bought 85.64 U.S. cents at 11:36 a.m. in
Sydney from 85.86 cents immediately before the reports. It
earlier reached 85.98 cents, the strongest since February 1989
and traded at 85.56 cents late in Asia yesterday.


Read more at Bloomberg Currencies News

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