Sydney, Aug 1, 2007 (ABN Newswire) - Australian shares could open weaker this morning, following a tumble on Wall Street, though stronger oil and base metal prices could lift resource firms, capping losses in the overall market.
On Tuesday, the ASX added 35 points finishing at 6,144. On the futures market the SPI200 is down 33.
Turning to currencies, the Australian dollar briefly fell below 85 US cents in early trade this morning influenced by volatility on Wall Street. At 8:40 AM the Aussie dollar is buying 85.22 US cents, on the crosses the dollar is buying 101.09 yen, 62.35 Euro cents, and 41.98 British pence
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