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$A slightly weaker in quiet trade

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Published on: Monday, February 24, 2014

by AAP

The Australian dollar continues to trade within a narrow range under 90 US cents in a quiet day of trade.

At 1200 AEDT on Monday, the local unit was trading at 89.71 US cents, down from 89.98 US cents on Friday.

There has been no major local or offshore economic data releases to influence traders, Commonwealth Bank chief currency strategist Richard Grace said.

"It's a typical Monday morning. Nothing dramatic happened at the weekend and so the Australian dollar remains in a tight range," he said.

The next major piece of local economic is Thursday's private new capital expenditure figures for the December quarter.

Meanwhile, bond futures prices are slightly firmer.

At 1200 AEDT on Monday, the March 2014 10-year bond futures contract was trading at 95.860 (implying a yield of 4.140 per cent), up from 95.840 (4.160 per cent) on Friday.

The March 2014 three-year bond futures contract was at 96.970 (3.030 per cent), up from 96.950 (3.050 per cent).


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