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*Aug31 Aussie-dollar open $0.7905,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Aug31 Aussie-dollar open $0.7905, range $0.7887 to $0.7923
*Aussie opened in Asia towards the lower side of yesterday's $0.7890 to $0.7996
range, upbeat US data, with ADP and Q2 GDP well above forecasts, placed the
greenback on the offensive.
*Demand chiefly in Aussie-yen pushed the Aussie up from around $0.7900 to
$0.7916, sources linked that interest to a possible Toshin launch. 
*The release of upbeat China data saw the rate extend the move higher to $0.7923
before fading to $0.7905 ahead of local data releases
*A strong Capex survey was trumped by modest dollar strength, Aussie dropped
from around $0.7910 to $0.7887. To some extent, the move was in sympathy to the
weaker kiwi
*Cross demand, mainly against kiwi, yen and euro then pushed the rate higher to
$0.7913
*For the balance of the session the Aussie consolidated between $0.7900-10
*Support lies at $0.7880 (61.8% $0.7808-$0.7996), while resistance in noted at
$0.7928 (38.2% $0.7996-$0.7887 decline).

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