The pair started at $0.9281 this morning and briefly traded a $0.9276 low in early dealings. It edged up a bit after that but with limited gains, reaching only $0.9285 as trade activity held muted tones. Aussie-dollar inched up to a $0.9289 high a few minutes before the official data release time but was then pulled down to $0.9273 after the data were released. The numbers on the whole were mostly mixed with the NAB business survey disappointing but housing finance showing a better-than-expected reading. Aussie-dollar initially held on near $0.9280 but then caved in as the US dollar rebounded broadly against major FX units. Aussie-dollar turned south and dropped to $0.9262 initially where it paused. Losses continued after that and it sank to $0.9254 in the late morning and last traded just off that at $0.9257. Stops are now noted above $0.9330 and above $0.9405, and on the downside, below $0.9220 and $0.9200.
