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Aussie-dollar: Aug15 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug15 close $0.7820, Aug16 Asia range $0.7817-45,
Europe 0.7833-65
*After treading water around $0.7820 in early Asia, demand in Aussie-yen from
Tokyo based players lifted to the $0.7835/40 area before fading
*Consolidation remained the theme, traders reported of light volumes held to a
narrow 10 pip range
*Short covering in early Europe squeezed to $0.7845 but with lack of follow
through was quick to pare gains
*As risk appetite improved, cross demand (particularly aud-yen) aided the
recovery. Rate moved through the Asia high, extended to $0.7865 triggering light
stops on the move
*Pullbacks have so far remained shallow ahead of the NY open and FOMC minutes
release at 1800GMT
*On the topside resistance is seen at $0.7877 (Aug15 high), light offers placed
behind on approach to $0.7900. Aussie last $0.7862.

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