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FED Reverse Repo Operation

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Aud/Usd: Europe open $0.8002,........>

AUSSIE SUMMARY: Aud/Usd: Europe open $0.8002, range $0.7993-0.8014, NY open
$0.8004, range $0.7956-0.7998
*Rate dipped to $0.7994 in early Europe then recovered back into $0.8000/10.
*A quiet start to the NY session, as the market focused on the BOE,
the rate bounced between $0.8000-10.
*As XAU fell and the dollar gained against the yen, the rate followed
suit dropping towards $0.7985.
*A sharp drop in the pair as better than expected US data is released,
witnessed the rate drop to new intra-day lows of $0.7956 before meeting demand
and bouncing back towards $0.7980.
*Broad based dollar sales, as the market repositioned and XAU spiked, witnessed
the rate grind towards the intra-day high of $0.7998.
*The dollar pared back some of its losses into the close, with the rate slipping
towards $0.7980. 

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