Aussie dipped in early trade to its $0.8757 low after opening at $0.8775 this morning, that move seen after a lower open in Japanese stocks. Aussie-dollar was initially pinned back near the low and couldn’t get past the $0.8770 mark. That changed a few minutes before the release of Q4 China GDP data, with aussie-dollar catching a bid from just under $0.8770and then pushing to $0.8800 on the initial headlines. The pair extendedthe high to $0.8804 after the numbers were confirmed but follow-through buying was less than impressive. Failure to further extend the highs coupled by some analysts expressing apprehension about the quality of the GDP numbers led to aussie-dollar easing a few points in the afternoon. Aussie-dollar was last at $0.8779, not very much changed from its Friday close of $0.8781 in the US. Bids at $0.8755/50 have been keeping the downmove in check, some talk of option-related interest there, coming in above further strong demand at $0.8720 and toward $0.8700. Topside, larger aussie-dollar selling has been mentioned at $0.8825/30, region of Friday’s session high ($0.8829).
