Aussie dipped to a $0.9202 low on Friday in the US following the better-than-expected headline payrolls number but the move was short lived. Softer US factory orders data helped the aussie bounce a little with the pair receiving a big boost as US 10yr yields fell sharply on increasing concerns over the unrest in Ukraine. The aussie began the new week around last week’s $0.9273 close on general US dollar weakness and then rose early in the wake of a slight improvement in China’s non-manufacturing PMI data out over the weekend. The move went through $0.9300 and dealers noted a series of buy-stops getting hit, taking aussie-dollar up to a $0.9317 high, though some traders said they saw it go as high as $0.9322. The gains stalled after that and aussie-dollar completely reversed its early moves as Australian and Chinese data conspired to push itdown. Aussie-dollar went back to $0.9273 a few minutes after the Ai Group Services Index release but recovered a bit to $0.9289. It went lower again after April building approvals data were released, to $0.9262 and then extended the lows to $0.9253 after the HSBC China final PMI. Aussie-dollar last at $0.9261, support seen near $0.9202, and strong demand also noted at $0.9205/00
