Aussie capitalises on weaker US dollar
MARKET NEWS
The Australian dollar got a boost last week from US dollar weakness, says Joanne Masters (right), currency strategist at Macquarie Bank in Sydney. And the firmer tone looks set to continue.
The Aussie opened last week around $0.5330, with the market slightly long after better than expected employment data the previous Thursday. Lacklustre trading conditions offshore, low trading volumes, and nothing in the way of local news saw a long market go stale and the currency dribbled off to a low of $0
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