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Aud/Usd: Asia open $0.7996, range....>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia open $0.7996, range $0.7984-0.8021. Europe open
$0.7982, range $0.7975-95.
* Aud opened Asia toward upper side of Tuesday's $0.7942-0.8028 range, where
dovish Fed rhetoric, weaker-than-expected US durable goods and much softer UST
yields placed the Aussie on the offensive
* Aud edged up from $0.7994 to $0.8021
* Reaction to slight miss on Australian GDP led to a knee-jerk move lower from
near $0.8020 to $0.7987. 
* Q2 GDP came in at 0.8% q/q and 1.8% y/y, against consensus of 0.9% q/q and
1.9% y/r.
* Recoveries were held to $0.7998, for the balance of the session.
* Aud eased to $0.7976 but was recovering into Europe.
* Rate bounced to $0.7995 early Europe, dropped to $0.7975 then revisited the
$0.7995 area. 
* Moves seen driven by Usd/Jpy action as rate again bounced aggressively off
Y108.50. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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