*Sep5 Aussie open $0.7944, range.....>

AUSSIE SUMMARY: *Sep5 Aussie open $0.7944, range $0.7942 to $0.7985

*Aussie opened in Asia toward the lower side of yesterday's $0.7935 to $0.7973

range, where a mild risk-off tone remained with ongoing N. Korean tensions

*Aussie traded sideways within a $0.7942 to $0.7957 range ahead of economic data

*Domestic BoP Current Account Balance data that showed net exports may add 0.3%

to GDP in Q2, largely offsetting the drag generated by yesterday's business

inventory data

*Aussie then dropped to $0.7955 on Aussie-yen sales, the move was linked to

reports that N. Korea has started moving ICBM for possible launch before

Saturday. The Aussie recovered to $0.7970 ahead of RBA's policy decision

*Reaction to the RBA Policy statement saw the Aussie drop from around $0.7970 to

$0.7948, local traders cited RBA's 'Appreciating Aussie would slow economic

pickup' comment behind the move, however, RBA did note that forward indicators

point to solid employment growth. Aussie recovered back to $0.7967.

*Asia's top of $0.7985 is initial resistance, while hourly support is found at

$0.7942.