The pair opened this morning at $0.9358 following last Friday’s $0.9347 to $0.9379 range during the US hours. Aussie-dollar edged up initially to push through $0.9360 and then $0.9365 before it consolidated between that and $0.9355. The pair marginally extended the gains to $0.9368 and then retreated a few minutes before the release of the NAB’s business survey for April. The data however caused a muted reaction in the aussie market, with aussie-dollar continuing to hold around $0.9351/57 immediately after. Aussie-dollar slipped further to a $0.9349 low before bids at $0.9340 then kicked in, carrying the aussie back up to $0.9360 in the late morning. Aussie-dollar was last at$0.9361, with dealers noting tomorrow’s release of the Federal budget as a potential event risk. Meanwhile, those bids at $0.9340 are said to still be in place and at $0.9315 while sellers are seen toward $0.9400.
