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Aussie-dollar: Europe open...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7924, range $0.7923-76, NY open
$0.7968, range $0.7954-0.7986
- Supported by firmer oil prices, aussie continued on a buoyant tone to print
fresh daily highs of $0.7976 just ahead of the NY open. As NY opened the rate
slipped towards $0.7965
- The pair received a lift following XAU and oil rising witnessed the rate print
a fresh high of $0.7986
- After printing a fresh intra-day high of $0.7986, the rate pared back its
gains following XAU slipping from its highs, as the rate drifted towards
$0.7970.
- Broad based dollar demand continued in a very quiet session, as the rate fell
to fresh NY lows of $0.7959. The move coincided with XAU paring back its earlier
gains. Towards the NY close the AUD turned a little, with the rate grinding back
towards $0.7970 following XAU getting a lift. The Greenback gets a lift at the
close, as cable collapsed on news of Moody's downgrade of the UK to Aa2, with
the rate dropping towards $0.7950.

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