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Aud/Usd: Europe open $0.7961,........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Europe open $0.7961, range $0.7946-71, NY open $0.7956,
range $0.7943-0.7959
*Rate edged to $0.7971 early Europe then dropped to $0.7947 on reports N.Korea
preparing missile launch(Sep9?)
*Rate settled back around $.7960 in late European morning trade.
*Pressure on the Aussie through the crosses witnessed the rate drop towards
$0.7945
before meeting demand, pushing the rate towards $0.7955.
*Continued pressure on the Aussie following oil and XAU slip from its
highs, has seen the rate grind towards $0.7940.
*As XAU and oil rally from its earlier slip, we witnessed the rate grind back
over $0.7950.

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