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Aussie-dollar: Aug4 close $0.7931,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Aug4 close $0.7931, Aug7 Asia range $0.7910-49,
Europe 0.7909-40
*Japanese names were the stand out buyers in early Asia, Aussie-dollar lifted
from $0.7920 to $0.7939 with the demand cross-related (Aussie-yen) said to be
for uridashi issuance(s)
*Dips were shallow and limited to $0.7927, before further demand in Aussie-yen,
commodities were seen to underpin and the Aussie climbed steadily to $0.7949
*Consolidation remained the theme into Europe, aussie held $0.7932-40 in early
dealings
*Fresh dollar demand started to pressure, initially holding above $0.7920,
supply via the crosses (eur-aud) extended the corrective pullback through the
Asia low to $0.7909
*Focus turns to Friday where Governor Lowe will give his biannual testimony to
the House Economics Committee in Melbourne, Lowe is expected to maintain his
positive view of economic growth. Aussie last $0.7918.

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