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Aussie-dollar: Aug3 close $0.7947,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug3 close $0.7947, Aug4 Asia range $0.7934-75,
Europe 0.7958-80
*Aussie drifted in early Asia from $0.7962 to $0.7940 ahead of the local data
*The release of RBA's SoMP and Retail Sales data spiked to $0.7956 followed by
an equally quick reversal to $0.7934. Near-term growth forecasts were lowered,
the board also warned about the appreciating AUD. Retail Sales came in stronger
than expected, but was largely ignored. 
*Firmer commodities supported off the low (Dalian iron-ore, steel rebar), light
stops were triggered through $0.7970
*Momentum continued into Europe, rate squeezed through the Asia high to $0.7978
before fading
*Minor pullback encountered fresh dip buyers ahead of $0.7955, rate managed to
grind out a fresh high of $0.7980 but lacked follow through. Aussie consolidated
for the balance of the session with focus on the US jobs report, last $0.7970.

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