Sydney, July 26, 2007 (ABN Newswire) - Australian shares could open on firmer ground today tracking a rebound on Wall Street, while a jump in oil prices could lift energy firms. However, the mood is likely to remain cautious following yesterday's surprisingly strong domestic inflation data which is fueling the risk of an interest rate rise next month.
On Wednesday, the ASX lost 82 points finishing at 6,341. On the futures market the SPI200 is up 14.
Turning to currencies, the Aussie dollar has edged back in offshore trade but remains close to Wednesday's 18-year high 8:35 AM the Aussie dollar is buying 88.51 US cents, on the crosses the dollar is buying 106.64 yen, 64.49 Euro cents, and 43.11 British pence
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