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Aud/Usd: Asia open $0.7944, range....>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia open $0.7944, range $0.7942-85. Europe open
$0.7962, range $0.7955-84. 
* Aud opened Asia toward lower side of Monday's $0.7935-73 range, mild risk-off
tone remained with ongoing N. Korean tensions.
* Aud traded sideways within a $0.7942-57 range ahead of economic data
* Domestic BoP Current Account Balance showed net exports may add 0.3% to GDP in
Q2, largely offset drag generated by yesterday's business inventory data
*Aud dropped to $0.7955 on Aud/Jpy sales, move linked to reports N. Korea had
moved ICBM for possible launch Sep9.
* Aud recovered to $0.7970 ahead of RBA's policy decision
* Reaction to RBA saw the Aud drop from around $0.7970 to $0.7948, local traders
cited RBA's 'Appreciating Aussie would slow economic
pickup' comment behind the move, however, RBA did note that forward indicators
point to solid employment growth. 
* Aud retained underlying buoyant tone through Europe, gained a boost from RBA
Lowe speech which allowed retest of $0.7985. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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