Another day of losses for the Aussie this morning, courtesy of the broader US dollar theme and the unexpectedly weak HSBC China flash PMI. Aussie-dollar opened at $0.9287 after falling to a $0.9276 low in the wake of the FOMC minutes last night. Early dealings were muted but aussie-dollar held up relatively well off $0.9279. It slipped to $0.9272 when selling against the New Zealand dollar spilled over but managed to fend off any major declines. The HSBC release slammed the aussie lower though, with the pair sliding quickly to a $0.9238 low. The rate then staged a small recovery to $0.9258 but the overall soft tone remains ahead of the European open. Aussie-dollar was last at $0.9250. Further stops are noted below $0.9230, while strong corporate demand andbarrier-related interest are noted further down from $0.9220 to $0.9200, with large stops then noted below the latter mark.
