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Aussie-dollar: Aug21 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug21 close $0.7936, Aug22 Asia range $0.7932-51,
Europe 0.7910-47
*Reported demand from Aussie-yen supported the Aussie in early Asia, rate lifted
from the mid-$0.7930's to a top of $0.7951. Ore prices also aided the move,
Dalian ore futures opened higher and initially extended gains by 3.5%
*Firmer UST yields then encouraged dollar demand, rate was quick to pare gains
and consolidated for the balance of the session
*Short covering in early Europe touched recovery highs of $0.7947 but with lack
of follow through drifted
*Aud/jpy sales added to the risk averse sentiment, rate moved through the Asia
low to hold around the $0.7925 area
*As recovery efforts remained shallow, fresh dollar demand extended the
corrective pullback to $0.7910
*Hourly lows are noted through $0.7908-05, expect demand behind on approach to
$0.7900. Aussie last $0.7915.

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