Aussie opened at $0.9031 this morning after a narrow $0.9016 to $0.9046 range in the US, and started the session off slightly lower, with a dip to $0.9018 soon after the Westpac-MI leading index release. Selling pressure continued with dealers citing offers in place in recent sessions from atop yesterday’s highs at $0.9085. Japanese buying dollar-yeh into the fix also offloaded against the aussie, pushing it to $0.9006, with the market then taking aim at rumored demand from a reserve manager at $0.9000, down to $0.8980. Aussie-dollar slipped below $0.9000 for a low of $0.8989 before demand then took hold. Aussie-dollar rebounded through $0.9000 to last trade at $0.9012 but faces those persistent offers again above $0.9070 to $0.9085, dealers say. Immediatesupport below this morning’s low is seen coming in at $0.8969, the low traded on Feb 14.
