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*Aug16 Aussie open $0.7821, range....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Aug16 Aussie open $0.7821, range $0.7817 to $0.7838
*Aussie opened in Asia toward the lower side of yesterday's $0.7808 to $0.7877
range, where upbeat US data and softer commodities placed the antipodean on the
defensive.
*After treading water around $0.7820 in early trade, demand in Aussie-yen from
Tokyo based players lifted the Aussie from around the low $0.7820's to $0.7836
before fading
*Dips were limited to $0.7825, another round of cross demand pushed the pair
from $0.7825 to $0.7838
* For the balance of the session, the Aussie traded a few pips either side of
$0.7830 largely held hostage to an option strike at that level
*Option expiries for today include; $0.7825 (A$370mn), $0.7830 (A$1.86bn) and
$0.7850 (A$910mn)
*US Housing Starts, Building Approvals provide the event risk ahead of FOMC
minutes later today

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