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Aussie-dollar: Jul28 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Jul28 close $0.7986, Jul31 Asia range $0.7956-92,
Europe 0.7967-90
*Aussie-dollar opened flat in Asia, early dealings were seen light tied to a
narrow $0.7979-92 range
*Aussie-yen supply emerged ahead of the Tokyo fix, soft China mfg PMI pressed to
o/n lows of $0.7956
*Post fix, firmer commodities supported (Dalian iron-ore +7.95%, steel rebar
+4.5%), rate consolidated $0.7970/80
*The European morning witnessed a very quiet session. As cross play dictated,
eur-aud traded either side of A$1.4700 which contained aud-usd to a tight
$0.7967-90 range
*Support is seen at $0.7956/54 (Asia low, 76.4% $0.7937-0.8007), bids placed
behind on approach to $0.7950
*Focus remains on the RBA rate decision and statement tomorrow (0430GMT). Aussie
last $0.7969.

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