Aussie opened at $0.9264 this morning and edged higher in the early hours of the session, touching $0.9276 before the start of the Japanese stock market session. Risk appetite was mildly improved through the morning and aussie-dollar benefited as it continued to climb to $0.9283 initially and then to $0.9293 minutes after the CFLP PMI release. The modest euphoria was dampened less than an hour later when the HCBC final PMI was released, coming in just below the flash result last week. Aussie-dollar qucikly gave back thoe early gains and slid to a $0.9263 low after that. It held around$0.9280 as the market then settled back to wait for the RBA decision. The RBA kept its cash rate unchanged as expected and aussie-dollar immediately ran through $0.9300, taking aim at large stops rumored above. It reached $0.9304 and then reversed direction again as the market digested the RBA statement, pulling back to a new low for the session at $0.9259. Aussie-dollar continued with a heavy tone after that, and was last at $0.9261.
