Aussie opened at $0.9400 this morning in Asia after a $0.9394 to $0.9415 range last nightin the US. It edged up in early dealings, touching $0.9412 a few minutes after the Westpac-MI consumer sentiment release. It pushed its way further up to a high of $0.9418 but ran into sellers there, from $0.9420/25 and then at $0.9450/60, with weak stops expected on a break above that. It pulled back to around $0.9415 a few minutes before the release of China’s CPI and PPI data and held near $0.9410 after the inflation data were released. Aussie-dollar continued to give back most of the early gains towardthe end of the morning, and grinding down to $0.9400 and then slipping below that for a low of $0.9390. The rate hasn’t seen much of a recovery of that, and was last at $0.9394. Stops are noted above $0.9450 and $0.9510 and below $0.9320 today.
