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The Aussie is trading a little higher........>

AUSSIE
AUSSIE: The Aussie is trading a little higher following better than expected
local data, the pair rising from the mid-$0.7960's to $0.7984. Building
Approvals for July came in -1.7% against -5.0% expected, also, Q2 construction
work was solid, coming in at +9.3% q/q against MNI's median of +1.0% q/q.
Traders have also noted demand in Aussie-kiwi following RBNZ's Wheeler's 'lower
kiwi is needed' comment. Resistance is seen at $0.7990-93 (Aug4-2 highs), with
supply said to be building at and above $0.8000. Aussie was last at $0.7980.

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