April 1999 News | ConsolidateCredit.com.au

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Consolidate Credit News

Rate Outlook Lends Support To Local Dollar

Wednesday April 21, 1999

The Reserve Bank dashed hopes of another monetary policy easing yesterday, helping the Australian dollar to consolidate recent gains. Overnight the dollar hit a high of US65.30c on strong buying by US investment banks. But when the local market opened it drifted back, ending the session at US64

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