$Aust down
NZPA Sydney The Australian dollar finished weaker at 0.6815/25 yesterday on an import selling dominated, and thin, market.
Dealer buyers stayed out of the market when the expected U.S. dollar decline failed to materialise.
The close was down from its opening of $U50.6907/17, and down from Thursday’s close of 0.6815/25. The Australian dollar also fell against the N.Z. dollar yesterday — from $NZ1.5283 to $NZ1.5105.
In Wellington yesterday the U.S. dollar closed higher in New Zealand trading, finishing at 3.0885/05 marks after opening at 3.0810/30. It had been stronger in U.S. trading on Thursday (early yesterday morning, N.Z. time). The N.Z. dollar traded a narrow range to close at $U50.4510/20, little changed from its opening of $U50.4520/ 30, while the Australian dollar closed at $U50.6820/30 from $U50.6905/15. The Reserve Bank indicative exchange rate index was steady all day at 61.1, up from 60.9 on Thursday afternoon.
The U.S. dollar rose in American trading on Thursday (early yesterday N.Z. time). In late trading it was 3.0835 marks (up from 3.0625).
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Press, 24 May 1985, Page 10
Word Count
170$Aust down Press, 24 May 1985, Page 10
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