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Aud/Usd: Asia open $0.8047, range....>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia open $0.8047, range $0.8043-0.8118. Europe open
$0.8104, range $0.8083-0.8125.
* Aud recovery off a $0.7975 low Thursday continued through NY to $0.8049, rate
held firm into close.
* Weak Usd continued into Asia, allowed rate to break above $0.8050 and move on
to $0.8068.
* Corrective pullbacks found support at that $0.8050 before rate pushed up to
$0.8118.
* Rate dipped to $0.8097 then spiked on to $0.8125 on reaction to Usd/Jpy break
below Y108.00.
* Eur/Usd met resistance ahead of $1.2100 and eased lower, move helped to ease
Aud back to $0.8083.
* Rate edged back to the $0.8100 area ahead of the NY open.
* UST yields and Usd/Jpy action to provide  direction into the US session.
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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