Aud/usd: Europe open $0.8048,........>

AUSSIE SUMMARY: Aud/usd: Europe open $0.8048, range $0.8029-58, NY open $0.8055,

range $0.8019-0.8056

*Broad based dollar demand in early NY, following a sharp drop in XAU witnessed

the rate drop towards $0.8040.

*Broad based greenback demand continued its theme, as XAU fell further. The rate

dropped to $0.8034, just above the intra-day low of $0.8029.

*The greenback demand continued in a very controlled manor, as the rate drifted

to a new intra-day low of $0.8027.

*The rate pared back some of its losses, after printing a new intra-day low of

$0.8027, as the rate grinded towards $0.8050.

*A sharp drop in the pair at the 4PM WMR, witnessed the rate drop from

$0.8045 to a fresh intra-day low of $0.8019.

*The Aussie clawed back some of its losses, after printing a new intra-day low

of $0.8019, as oil rallied. The rate grinded towards $0.8030 in an orderly

market.