Aussie-dollar: Aug14 close...........>

AUSSIE SUMMARY: Aussie-dollar: Aug14 close $0.7853, Aug15 Asia range $0.7850-77,

Europe 0.7825-61

*Aussie opened flat in Asia, early dealings were reported light tied to a narrow

$0.7850-67 range

*The RBA minutes passed without incident, the Reserve Bank remained with their

broadly neutral tone which had been confirmed earlier by their Statement of

Monetary Policy (SoMP) and Gov Lowe's testimony to Parliament

*The risk-on theme did see the Aussie climb to $0.7877, but failure to break

above hourly resistance at $0.7880 saw the pair drift lower for the balance of

the session

*The corrective pullback continued in early Europe with added weight from

euro-dollar (soft German Q2 GDP)

*Persistent dollar demand triggered light stops through $0.7835, rate touched

pullback lows of $0.7825 before dip buyers cushioned falls. Aussie last

$0.7840/45.