Aussie was roiled by Thursday’s HSBC China flash PMI reading but was spared further drama during the European and US hours overnight. It marked a $0.9278 to $0.9312 range in New York, well off the Asian low of $0.9238 and started this morning’s session at $0.9303. A mild pullback was seen during the early hours of today’s dealings, but the aussie encountered minor demand from around $0.9300, which helped support the rate off a $0.9301 low. Aussie-dollar recovered fairly strongly through the morning as the euro also edged higher, with the aussie pushing through the US high around mid-morning. It reached $0.9320 but ran into sellers there, which then pushed the pair back down to lasttrade at $0.9312 as the market braces for Yellen’s Jackson Hole speech. Ahead, stops are noted above $0.9320 and $0.9350.
