Aussie-dollar: Aug23 close...........>

AUSSIE SUMMARY: Aussie-dollar: Aug23 close $0.7903, Aug24 Asia range

$0.7892-0.7916, Europe $.7867-0.7902

*Aussie opened in Asia toward the middle of yesterday's $0.7882-$0.7918 range 

where Aussie-kiwi demand largely offset the risk aversion theme following

Trump's government shutdown threat and NAFTA comments

*In what was a lacklustre session, marginally higher UST yields encouraged

modest US dollar demand, the Aussie drifted lower from $0.7916 to $0.7892

*The quiet theme initially spilled over into Europe, rate held $0.7895-0.7902

*Early pressure via the kiwi and subsequent break of $0.7200 started to weigh.

Aussie moved through the Asia low before finding a base at $0.7875

*Second wave sales took out reported corporate demand, touched pullback lows of

$0.7867 before dip buyers cushioned falls

*The aussie managed to pare some of its morning losses with a slow grind to

$0.7890.

*Traders note of further Corp demand at $0.7840 with market talk suggesting this

is linked to dividend payments this week.