*Aug4 Aussie-dollar open $0.7950,....>

AUSSIE SUMMARY: *Aug4 Aussie-dollar open $0.7950, range $0.7934 to $0.7975

*Aussie opened in Asia toward the upper side of the $0.7915 to $0.7969 range

witnessed yesterday, where consolidation was the main theme during European and

US markets following the dip seen in Asia.

*Aussie edged lower from $0.7962 to $0.7940 ahead of local data

*The release of RBA's SoMP and Retail Sales data saw a quick spike higher to

$0.7956 before retreating just as quickly to $0.7934. Near-term growth forecasts

were lowered from 2.3-3.5% to 2-3%, however, momentum in growth is expected to

pick up. Retail Sales came in stronger than expected, but was largely ignored.

*Encouraged by firmer commodities, the Aussie then started to drift higher,

Dalian ore +2% and Shanghai steel rebar +3.1%. Light stops were triggered above

$0.7970 that pushed the rate to a fresh high at $0.7975.

*Heading into the European open consolidation took hold, the Aussie not moving

too far from $0.7970