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Aussie-dollar: Aug31 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug31 close $0.7947, Sep1 Asia range $0.7932-57,
Europe $0.7925-39
*Aussie-dollar opened flat in Asia, rate consolidated in a narrow $0.7938-51
range ahead of economic data from China
*Reaction to improved Caixin China data was slow, the Aussie eventually climbed
from $0.7947 to $0.7957, the move was also assisted by firmer commodities
*Minor pullback of the high gathered momentum on supply via the crosses with a
reversal to the $0.7932/37 area
*As recovery efforts remained shallow, rate moved through the Asia low to
$0.7930 in early Europe
*Modest dollar demand saw the pair extend its slow grind lower throughout the
session to $0.7925
*Next support is seen at $0.7921/11 (38.2%/50% $0.7871-0.7951). Main focus today
on US Non-Farm Payrolls which are forecast to rise by 180,000 in August after
stronger-than-expected readings in the previous two months. Aussie last $0.7928.

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