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AUD-USD: European open $0.7838,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: AUD-USD: European open $0.7838, range $0.7822-0.7845, NY open
$0.7823, range $0.7816-0.7835
*Pullbacks remained shallow as the weak dollar theme continued in Europe.
Supported overnight by strong China PMI data, Aud/Usd held near the peak of its
$0.7795-0.7845 range.
*Directional 'smart' seller seen in the aussie, traders flashed. Rate
continued to pare morning gains with slippage extending to $0.7822 just ahead of
NY.
*The arrival of NY witnessed a fresh wave of dollar selling, as gold continued
to firm.
The rate grinded back towards $0.7835 before fading.
*The dollar received a lift across the board as US Tsys Yields firmed and
commodities slipped with the rate dropping towards $0.7816.
*The pair remained in consolidation mode for the remainder of the session with
the rate bouncing between $0.7820/30.

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