The pair opened this morning at $0.9020 after easing from last night’s US session high of $0.9042. Aussie-dollar marked an early high of $0.9040 as the market attempted to breach the overnight high but ran in to offers placed in the $0.9050/60 region. Aussie-dollar then retreated to lows near $0.9010 after the release of the NAB’s Feb business survey, which showed a sharp fall in the employment sub-index that pointed to very weak labor market conditions and a jobless recovery. Aussie-dollar however encountered decent demand from around the $0.9000 mark and that helped the rate regain somecomposure and reclaim the $0.9030 mark later in the morning. Aussie-dollar was last at $0.9031, with stops noted below the $0.9000 level today. Topside stops are also seen building above $0.9070.
