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Dollar slips ahead of rba rate decision

THE Australian dollar is fractionally lower against the greenback following mixed US economic data and as investors await the Reserve Bank of Australia’s rate decision.

At 0700 AEDT on Tuesday, the local unit was trading at 76.07 US cents, down slightly from 76.13 cents on Monday.

Westpac senior market strategist Imre Speizer said interest rate and foreign exchange markets were contained overnight amid a mixed batch of US economic data, including personal income, inflation, plus Chicago and Dallas purchasing managers index (PMI).

Oil fell three per cent to a one-month low overnight following the inconclusive OPEC supply talks over the weekend, Mr Speizer said.

Markets will be watching the RBA today for any shift to an easing bias, he said.

The RBA announces its rate decision at 1430 AEDT on Tuesday.


One Australian dollar buys:

* 76.07 US cents, from 76.13 cents on Monday

* 79.783 Japanese yen, from 79.75 yen

* 69.29 euro cents, from 69.41 euro cents

* 62.16 British pence, from 62.44 British pence

* 106.37 New Zealand cents, from 106.45 NZ cents

(*Currency closes taken at 1700 AEDT previous local session)

Electricity salesman bashes elderly endeavour hills man who refused his product

AN ELDERLY Endeavour Hills man is recovering after being beaten by a door-to-door salesman outside his house.

Police said Bob Ikin answered his Dozey Court door to a salesman who tried to get him to change electricity providers at about 6pm on August 17.

When the 73-year-old explained he wasnt interested a verbal altercation ensued and the man punched Mr Ikin who fell to the ground.

I said thank you very much now you can go away, Mr Ikin told Channel 7.

The man punched Mr Ikin several times when he stood up and the fight moved to the street where Mr Ikin was punched again, causing him to fall again and strike his head on the nature strip.

He got up for a third time and tried to look at the mans identification, but the man struck him again and he fell on the ground, hitting his head a second time.

The beating left Mr Ikin with cuts on the back of his head and he was also injured on his gums and his eye.

The man is believed to have doorknocked other houses in the street but nobody else saw his name.

Neighbour Maria Clua said she was shocked at the attack and Mr Ikin could have died.

Victoria Police Sergeant Debbie Keogh said it was outrageous that this type of thing could happen.

The man is described as caucasian, 185cm, between 25 and 35 years old with a lean or athletic build.

He was wearing dark trousers, dark jacket, dark shirt and a lanyard identification. He was well spoken and carrying a computer tablet and a laptop bag over his shoulder.

Anyone with any information about the incident is urged to contact Crime Stoppers on 1800 333 000.