$NZ and $Aust quietly firm
PA Wellington The Australian dollar was the major mover in foreign exchange dealing yesterday. It opened at around SUSO.BSIO and reached a high of 0.8560 before it stabilised later in the day to around 0.8540/50. The New Zealand dollar strengthened on the back of the Australian unit in generally quiet trading. It traded in a narrow range, opening at $U50.5014/17 and closing
at 0.5017/20. The Reserve Bank indicative mid-rate for the New Zealand dollar closed at $U50.5019, the highest it has been since the 20 per cent devaluation last month. The U.S. dollar finished much as it began yesterday, at 2.8565/72 marks. Dealers said there was a brief flurry after the Asian markets opened, when the dollar strengthened, but it quickly faded and closed the day
slightly below its opening position. The yen closed at 240.75/85 against the dollar after opening at 240.90. It reached a high of 241.10. Sterling traded in a range between $U51.3220 and 1.3245, closing at 1.3237/44. Dealers said that the up and down movement of the dollar had no pattern and interest was lacking in the day’s trade.
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Bibliographic details
Press, 21 August 1984, Page 26
Word Count
188$NZ and $Aust quietly firm Press, 21 August 1984, Page 26
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