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*Aug3 Aussie-dollar open $0.7968,....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Aug3 Aussie-dollar open $0.7968, range $0.7915 to $0.7969
*Aussie opened in Asia toward the middle of the $0.7942 to $0.7993 range
witnessed yesterday, where firmer commodities (CRB index +0.68%) and broad based
US dollar weakness underpinned the antipodean
*Modest dollar strength and weaker Asian equities pushed the Aussie lower from
around $0.7965 to $0.7926 before recovering to $0.7935 ahead of local data
*Weaker-than-expected Aussie trade data and news that S&P said there is more
risk to Australia sovereign rating than in the past saw the Aussie extend losses
to $0.7915. S&P news seemed to be an off the cuff remark from an analyst rather
than an official S&P announcement. Aussie quickly bounced to $0.7936 and
consolidated around $0.7930 for the balance of the session.

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