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Aud/Usd: Asia opened $0.7771,........>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia opened $0.7771, range $0.7750-82. Europe open
$0.7762, range $0.7750-70.
* Aud opened Asia toward upper side of Friday's $0.7733-98 range
* Aud dropped from the open to $0.7750 in early trade, move in sympathy lower
Nzd. 
* Drop proved short-lived, the pair moved smartly back to the $0.7770 area.
* Regional bourses opened positive and provided modest risk-on feel. Aud edged
higher to $0.7782 then faded.
* Softer Caixin China composite/services PMI pushed the Aud down from $0.7777 to
$0.7765. 
* However, weaker data was countered by buoyant commodity prices, copper, steel
and zinc all up between 1.5-3.0%.
* Rate edged from $0.7760 to $0.7770 in opening Europe trade then stepped its
way down to $0.7750 by late morning. 
* US and Canada markets closed and expected to make for quieter sessions ahead
of the Sydney open. 
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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