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Aud/Usd: European open $0.7589,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7589, range $0.7575-0.7600, NY open
$0.7577, range $0.7552-0.7582
*Cross play once again dictated price action during a quiet European morning
session
*Aussie touched $0.7600 before Eur/Aud short covering started to pressure,
slippage through the Asia low extended to $0.7576 in late European trade. Early
NY witnessed the rate print fresh session lows of $0.7575.
*Fresh wave of dollar demand following Fed Chair Yellen remarks takes the rate
on to extended session lows of $0.7568.
*Continued dollar demand witnessed the rate drop further to fresh session lows
of $0.7552. The move was on the back of strong US Data.
*The greenback has pared back some of its gains since printing fresh
session lows of $0.7552, a sharp spike in gold and slipping US Tsys yields has
seen the rate jump towards $0.7570.
*The pair remained in consolidation mode for the remainder of the session with
the rate bouncing between 70/80.

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