A decent rebound for the pair seen today following the release of unexpectedly strong Q2 new capex data out earlier. The aussie had started at $0.9337 this morning and it spent the initial few hours of the session between a $0.9332 low and $0.9339. Aussie-dollar witnessed a mild uptick into the official start of the Asian day, courtesy of the US dollar’s general weakness, reaching $0.9345. The pair then eased a few points following the release of new home sales data but rallied sharply about 30 minutes later when the capex data were out. Aussie-dollar powered through rumored offers at $0.9350 and took out the 55-day moving average at $0.9363 before hitting a peak of $0.9372, its highest since Aug, 6. The move stalled in the face of further sellers at $0.9380 and theaussie backed away a few notches to settle in a $0.9357 to $0.9363 range for the rest of the session. The rate was last at $0.9361 with stops noted above $0.9380 and below $0.9320, $0.9300 and $0.9270.
