The pair was in focus this morning, opening at $0.9156 but initially seeing very little interest, which kept it hemmed in a $0.9140 to $0.9166 range in early dealings, with the low seen after the RBNZ’s rate decision. Aussie-dollar hovered around $0.9160 as Asian markets got underway and barely moved after US President Obama’s speech on countering ISIL as well as the release of the MI’s inflation expectations. Aussie-dollar stayed at $0.9164 as the market than waited for the August labor force data, seen as the main event risk today. The data were surprisingly strong and aussie-dollar jumped to$0.9202 immediately after. The jobs data release also coincided with the release of China’s CPI and PPI data, and aussie-dollar then extended its gain to a high of $0.9218 before sellesr at $0.9220/25 capped the move. Aussie-dollar was last at $0.9190.
