Aussie Sees Uncertainty Versus Majors, Wednesday, June 13, 2007 5:31:02 PM

The Australian dollar was largely uncertain against the other majors on Wednesday in New York. Into the late afternoon, the Aaussie was down against the greenback and euro and unchanged with the sterling amid choppy trading. In economic news from Australia, new home sales and mineral exploration expenditure advanced, while new home sales declined.

The Australian dollar rebounded against the greenback on Wednesday, but remained down for the day. The aussie fell as low as 0.8359 at 6 a.m. ET before climbing back for about four hours. It settled into a range at around 10 a.m. and remained level into the late afternoon. The pair was at 0.8401 at 5 p.m. ET.

The aussie was down amid choppy trading with the euro through Wednesday`s trading in New York. The Australian currency reached as low as 1.5870 at 6 a.m. but trended back up for about eight hours after that. It slipped again in the mid-afternoon, before bouncing back again. The aussie was at 1.5842 at 5:15 p.m., a little below its overnight mark.

The Australian dollar was near its overnight levels against the sterling after uncertain trading on Wednesday in New York. The aussie dipped to 2.3478 at 6 a.m. ET, but climbed back to recoup its losses by 9 a.m. ET. It trended back down slightly until about 3 p.m. when it rebounded again. The pair was at 2.3475 at 5:15 p.m. ET.

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