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Aussie-dollar: Aug17 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug17 close $0.7890, Aug18 Asia range
$0.7870-0.7900, Europe 0.7885-0.7931
*The risk-off theme in early Asia saw the Aussie take out Thursday's $0.7881
base to post a low at $0.7870. Fast money accounts were reportedly selling
Aussie-yen expecting a weak Nikkei open
*Nikkei opened a little lower than expected, but did not carry on the move,
nervous Aussie-yen shorts began to cover
*Tokyo-fix related demand in Aussie-yen pushed the Aussie higher from $0.7875 to
$0.7891. Post-fix, the move extended to $0.7900 with firmer ore prices seen
supporting, Dalian ore futures +1.65%
*Failure to reclaim $0.7900 into Europe triggered fresh supply, euro-dollar
added weight to $0.7885 before dip buyers cushioned falls
*As base metals started to firm, aussie extended the slow grind through $0.7910
*Euro-dollar short covering provided fresh appetite to $0.7931, before profit
take sales emerged off the high. Aussie last $0.7923.

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