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Aud/Usd: European open $0.7797,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7797, range $0.7782-0.7810, NY open
$0.7782, range $0.7779-0.7797
*Light stops were triggered on the break of $0.7800, gains extended to $0.7810
before fading.
*As UST yields firmed, Aussie dipped back under $0.7800 to hold near the base of
its narrow 20 pip European range.
*As the dollar continued to improve, aussie pared all European morning
gains, as NY entered the fray the greenback remained firm, with the rate
dropping towards $0.7775.
*A fresh wave of dollar pressure, as US Tsys Yields slipped and commodities
rallied, the pair grinded back over $0.7790.
*The pair remained in consolidation mode for the remainder of the session with
the rate bouncing between $0.7785-95. 

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