The Australian dollar ( .8808 / -.37%) came under pressure overnight  with concerns over the Chinese economy and a possible less than aggressive stance on hoped for monetary stimulus. The Kiwi ( .8119 / +.14%)  was up marginally on the election results, with the National Party being returned for a third consecutive term and winning a single party majority.Sterling ( 1.63331 / +28%) and the Euro (1.2843 / +.14%)  are slightly stronger versus the dollar after last weeks volatile markets. In precious metals, both Gold and Silver were under pressure with losses of .21% and .90% respectively. Today’s economic calendar is rather light with the August Chicago Fed National Activity Index at 8:30 am ( exp .26% prev .36% ) and August Existing home sales at 10:00 am in the US ( 5.18mln annualized , .8% mom).