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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7828, range $0.7796-0.7829, NY
open $0.7817, range $0.7809-0.7840
*Aussie managed to pare some of the losses to hold $0.7815-20 into the NY open.
*Broad based dollar selling following US tsys yields falling, witnessed the rate
grind towards $0.7830.
*The release of better than expected US Sept ISM Manufacturing, saw a wave of
dollar demand with the rate dropping towards $0.7805.
*Pared post US ISM mfg data with recovery efforts extending to $0.7835, the move
coincided with solid Aussie cross demand.
*Following US Tsys yields rising and XAU falling further, witnessed the rate
drop back towards $0.7820.
*The Aussie remained in consolidation mode for the majority of the NY
afternoon session with the rate bouncing between $0.7820-0.7830.
*Dovish comments from the Fed's kaplin saw the rate grind towards $0.7840
towards the NY close. 

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