Aussie the main mover this morning in the Asia-Pacific, after it started the day under the US high of $0.9460 at $0.9443. Markets started out slow with aussie-dollar content to hover just off the opening level, mostly between $0.9430 and $0.9440. A speech by RBA Governor Glenn Stevens then triggered a sharp slide in the aussie, as it caved in from around $0.9438 to $0.9390. It briefly held near there as market players licked their wounds before another move lower ensued after the release of weak retail sales numbers. Aussie-dollar extended the lows down to $0.9371 but was spared further losses when building approvals data came in above forecasts. Aussie-dollar got anothersmall lift again when the HSBC China service PMI was released, but the recovery ran out steam at $0.9395. Aussie-dollar was last at $0.9378, with offers now seen building above $0.9400 to $0.9420. Meanwhile, stops are rumored to also be lining up just below $0.9350, according to dealers.
