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China Repo Rates Diverge on Thursday

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*Sep1 Aussie-dollar open $0.7947,....>

AUSSIE SUMMARY: *Sep1 Aussie-dollar open $0.7947, range $0.7938 to $0.7957
*Aussie opened in Asia at the top end of yesterday's $0.7871 to $0.7950 range,
where US Treasury Secretary Mnuchin's weaker US dollar is "somewhat better" for
trade comment placed the greenback on the defensive, the Aussie benefitted also
from a sharp rise in commodities, CRB index 2.25%.
*Aussie consolidated in a $0.7938 to $0.7951 range ahead of economic data from
*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.
*For the balance of the session the Aussie inched lower to $0.7947, precisely
where it opened. Investors were largely on hold ahead of tonight's US NFP
*Initial resistance lies at $0.7966 (76.4% $0.7996-$0.7871 decline), while
hourly support is seen just below $0.7920.

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