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Aussie-dollar: Aug1 close $0.7965,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug1 close $0.7965, Aug2 Asia range $0.7942-74,
Europe 0.7954-72
*Aussie-dollar opened heavy in Asia and drifted lower to $0.7954 in sympathy
with the kiwi following weaker NZ job data
*Modest dollar buying was countered by stronger-than-expected Building Approval
data to hold $0.7944-54 for the balance of the session
*Eur-yen demand from model types and the subsequent move through Y131.00
triggered fresh aud-jpy buying
*Aussie dragged higher on the move touched $0.7972 into Europe, before stalling
ahead of resistance from the Asia high ($0.7974)
*Dips were relatively shallow as the pair held a 20 pip range
*Focus on US ADP data (1215GMT) for direction, aussie last $0.7960.

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