A lackluster session for the aussie so far today, with Aussie struggling below last Friday’s US session low of $0.9062 through most of the morning. Aussie-dollar had gained to $0.9133 last Friday but retreated after the US payrolls data. Downbeat Chinese trade numbers out over the weekend weighed on aussie-dollar at the start of the session but broader risk-on theme lifted the pair higher after Asian markets got underway. Aussie-dollar traded a $0.9064 high after Japanese stocks opened but the failure to make further headway then resulted in aussie-dollar reversing direction again. The rate dropped to $0.9032 low around mid-morning after China set the yuan fix at a higher level. Since then, aussie-dollar has continued to hold near the low, and was last at $0.9038. For now bids down toward $0.9000 are helping to cushion the losses with a break below $0.8980 likely to trigger stops.
