The pair started the Asia-Pacific session at $0.8817 after it retreated to a $0.8779 low in the US session last night. Early dealings saw aussie-dollar climb to a $0.8830 high but it then turned back down toward $0.8800. Some dealers pointed to Chinese Chinese media reports highlighting risks facing the Chinese economy and the possibility of further rate cuts, noting aussie’s pullback after the high was hit. Aussie-dollar recovered a bit to $0.8803 but hit another speed bump after the ABS announced it was planning to revise jobs data for July and August due to inaccurate seasonal adjustments in its data analyses. Aussie-dollar quickly retreated below $0.8800 again and eventually traded a low of $0.8762 as the announcement caused confusion just a day ahead of the keenly watched September jobs numbers. Aussie-dollar was last at $0.8772. Flows info continue to point to buy-stops above the early high from around the $0.8835/40 zone ahead of further offers at $0.8850 and then at $0.8890/00. On the downside, the next cluster of demand interest is noted at $0.8780/70 before stronger bids come in at $0.8750.
