Aussie opened at $0.9368 this morning and briefly dipped to $0.9362 before rebounding to a $0.9371 high. The rate then ran into sellers there, offloading in small amounts from $0.9375. The thin market conditions drove aussie-dollar down to a $0.9353 low a few minutes before the release of NAB’s business survey and the RBA’s FX transactions data at 0130 GMT. The latter set of numbers were unusually in focus today with market watchers keeping an eye out for signs that the RBA had intervened to stop the aussie from rising above $0.9500. The data however showed no evidence of that, with those watchers now eyeing next month’s data set for further such evidence. That and the NAB survey however didn’t result in any significant aussie move, with the rate edging up to $0.9364 briefly before backing away again. Aussie-dollar was last at $0.9363, with demand noted down at the $0.9330/20 key support region, with stops thenseen below $0.9310, and a close below that to then shift the overall focus lower to the 200-day moving average at $0.9196.
