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Aussie-dollar: Aug29 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug29 close $0.7948, Aug30 Asia range $0.7947-96,
Europe $0.7956-89
*Aussie opened flat in Asia, early dealings were reported light tied to a narrow
$0.7947-68 range
*Solid Australian Building Approvals/Construction data provided the early
appetite, RBNZ Wheeler remarks that a lower kiwi is needed triggered fresh
aud/nzd demand
*The aussie squeezed to extended react highs of $0.7996 and consolidated for the
majority of the session
*Rate failed to build overnight gains and with added dollar demand (usd/jpy
above Y110.00), aussie drifted in early Europe
*Corrective pullback extended to $0.7956, recovery efforts remained shallow to
hold near the base of its morning range
*Support at $0.7947 from the Asia low, a break opens $0.7932 (50%
$0.7867-0.7996).

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