The pair started this morning’s session at $0.8713 after it traded a $0.8694 to $0.8754 range during the US session last night. Early US dollar gains drove the aussie lower, the latter falling through $0.8700 i the early hours of the day to $0.8692. Various offshore accounts were then spotted joining in the aussie sales and pushing the rate down through rumored demand interest at $0.8680. Aussie-dollar traded a low of $0.8676 before catching a lift from from the release of China’s CPI and PPI data. Aussie-dollar rebounded through $0.8700 and moved up to $0.8714 immediately after data were released. It was carried up further to $0.8725 before it extended the session high to $0.8737 in the Asian afternoon. Aussie-dollar was last at $0.8729. Immediate support isnoted down at the $0.8652/50 region with the 2014 low traded on Oct 3 coming in just below that at $0.8642.
