Aussie started at $0.9433 this morning and briefly traded up to $0.9437 before turning lower during the early hours of the session. Aussie-dollar follows up with a move down to a $0.9416 low before China’s PMI releases. The CFLP PMI triggered a recovery in aussie, with the rate then climbing back to $0.9424. It continued to be held up after the HSBC final PMI, which came in almost the same as the flash reading, and aussie-dollar then extended the morning gains again a few minutes after, to reach $0.9436. Sellersat $0.9450 continued to put pressure on the aussie, sending it back down to a low of $0.9414 in the late morning/early afternoon although demand seen at $0.9405 helped to counter the losses. Aussie-dollar found fresh legs after the RBA decision and spiked through the $0.9437 morning and pushed through those $0.9450 offers to reach $0.9458. The rate was last at $0.9453, with larger demand interest noted down at $0.9380/75 and at $0.9350, with stops then seen below that. Further up, the 2014 high comes in at $0.9461, with stops noted above that.
