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Lufthansa speculation benefits forex

Friday 14th July 2000

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The Australian dollar rose mid-week amid market rumours German national airline Lufthansa was looking to buy a stake in national carrier Qantas.

The Australian dollar had risen as high as $US0.5916 on Wednesday up from a three week low of $US0.5860.

The rumours Lufthansa was interested in taking a stake in the Australian airline were denied by a spokeswoman for Lufthansa.

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