Aud/dollar: Europe open $0.7936,.....>

AUSSIE SUMMARY: Aud/dollar: Europe open $0.7936, $0.7926-54, NY open $0.7940,

range $0.7939-0.7973

*Aud/Usd touched a low of $0.7932 opening Europe then stepped to a fresh high of

$0.7954

*A sharp drop in Aussie following oil dropping, witnessed the rate drop sharply

to pullback lows of $0.7926.

*Broad based dollar pressure in early NY witnessed the rate grind towards

$0.7950.

*The pair slipped a little, following oil dropping to new intra-day lows, as the

rate fell towards $0.7935

*As gold spiked to new 10 month highs, the pair followed suit,

jumping from $0.7940 to a new intra-day high $0.7964. Before losing momentum and

slipping towards $0.7950.

*As XAU continued its buoyant tone, rising over $18.00 an ounce on the

day, the pair followed suit rising to a new intra-day high of $0.7973.