THE Australian dollar last night
dropped to its lowest level in
four months against its US
counterpart, as sharp increases
in market interest rates drove up
the greenback.
The AUD is now more than 2%
down since last week when it
was hit by poor job figures.
The local dollar has been
mixed in other markets as the
strenghtening USD puts pressure
on other currencies.
It was down 0.2% against the
euro in overnight trading, up
0.1% against the Japanese yen,
and down 0.2% against the New
Zealand dollar.
Wholesale rates this morning.
$1AUD = US0.758
US $0.758
UK £0.544
NZ $1.056
Euro €0.620
Japan ¥82.57
Thailand ß23.81
China ¥4.721
South Africa R9.313
Canada $0.970
Crude oil US$69.00
Source: traveldaily