AUD/NZD last trades 10 pips or so.......>

AUSSIE-KIWI: AUD/NZD last trades 10 pips or so softer on the day, last dealing

at NZ$1.0940. The cross experienced a brief knee-jerk higher on the back of the

modest miss in NZ CPI, but has since regained its poise after the NZD recovered,

perhaps aided by the realisation that the print was in line with the RBNZ's

projections.

- The AUD crosses have had little reaction to the release of the minutes from

the RBA's July MonPol decision. After omitting the line that the next move in

the cash rate would be up, rather than down in the Jun minutes, the RBA

reinstated it in the minutes of the Jul meeting. The RBA said that the members

continued to view the strengthening economy as likely to deliver further

progress in reducing the jobless rate and returning inflation to target. And "in

these circumstances, members continued to agree that the next move in the cash

rate would more likely be an increase than a decrease." The RBA also said there

was no strong case for a near-term adjustment in MonPol.

- Resistance at Monday's high ($NZ1.0974), support at the July 12 low

(NZ$1.0893)