Sydney, Aug 24, 2007 (ABN Newswire) -
The Aussie market could open lower this morning following a negative lead from the US, but a rally in base metal prices could support mining firms.
On Thursday the S&P/ASX200 posted its fourth straight session of gains, adding 155 points and finishing at 6,160. On the futures market the SPI200 is down 36.
Turning to currencies, the Australian dollar extended gains in early offshore trade rising above 82 US cents for the first time in a week, but has since eased. At 8:35 AM the Aussie dollar is buying 81.82 US cents, on the crosses the dollar is buying 95.02 yen, 60.36 Euro cents, and 40.82 British pence
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