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Aussie-dollar: $0.7640, range........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: $0.7640, range $0.7634-0.7651, NY open $0.7645,
range $0.7625-0.7672
*Consolidation largely remained the theme in Europe, trade volumes were seen
light tied to a narrow $0.7634-51 range
*The release of strong US GDP data triggered renewed dollar demand to
$0.7625 and a re-test of the Asia low. The pair met demand and bounced back
towards $0.7640.
*Spiked to fresh daily highs of $0.7672 on react to the bbg headline that Trump
is to lean toward Powell as next Fed Chair.
*The greenback pared back some of its losses post Fed nominee
comments. Sellers emerged as the market remembered that yesterday White House
sources said "Trump changes his mind every day". The pair dropped towards
$0.7650.
*The Aussie remained in consolidation mode for the majority of the afternoon
session, with the rate bouncing between $0.7655-65.

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