Monday, April 2, 2007

Dollar steady, edges up from 10-year low vs Aussie

(Reuters) - The dollar held steady against the euro on Tuesday and edged up slightly from a 10-year low against the Australian dollar as investors booked profits after solid gains in higher-yielding currencies.

Expectations for the Reserve Bank of Australia and Bank of England to raise interest rates to 6.5 percent and 5.5 percent respectively, possibly at policy meetings this week, have given the Aussie and the pound a boost in the past month.


Read more at Reuters Africa

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