The pair started this morning at $0.8658 right at the top of Friday’s $0.8567 to $0.8658 range seen during the US hours. It edged up to an early $0.8683 high as dollar weakness resumed and as the aussie also benefited from a positive China trade report out over the weekend. The release of Australia’s Sept housing finance data failed to trigger a large reaction in aussie-dollar with the pair holding around $0.8655. Attention then turned to the release of China’s CPI and PPI data about an hour after the housing finance data. The data were largely as expected and aussie-dollar witnessed a minor pullback after that, to around $0.860. Towrd the end of the morning, aussie-dollar was not very far from there, at $0.8668. Talk of expiries at$0.8650 likely to keep the aussie hovering near there today while further expiries are also noted down at $0.8600.
