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Yen Turns Tail As Risk Regains Poise


USD, Still Beaming


Japanese MOF sells Y4.7714tn 3-Month Bills:

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AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7800, range $0.7786-0.7822, NY
open $0.7819, range $0.7803-0.7835
*Aussie-dollar opened heavy into Europe, rate touched extended pullback lows of
$0.7786 (Jul18 low), but soon faded.
*Rate was quick to pare losses, extended the recovery to $0.7822 but lacked
follow through with the rate slipping towards $0.7800.
*The greenback pared back some its gains into NY, with the rate grinding back
towards $0.7800.
*Broad based dollar pressure following US Tsys yields dropping and XAU
spiking witnessed the rate jump towards $0.7820.
*Following XAU and Oil rising the rate followed suit with the rate
testing the intraday high of $0.7835.
*Aussie received a small lift into the NY close, with the rate grinding to fresh
intraday highs of $0.7837. 

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