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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7832, range $0.7829-0.7849, NY
open $0.7846, range $0.7825-0.7897 
*As cross play dictated price action throughout the European morning, aussie
extended the slow grind, moved through the Asia high to a fresh high of $0.7849
before fading. 
*Early NY witnessed broad based dollar demand with the rate dropping towards
$0.7840. 
*Received an added lift on the release of soft US CPI headline and core to
$0.7877 and holds firm. 
*As the dollar slipped further, following a rally in XAU and oil, the rate went
onto print a fresh intraday high of $0.7897. 
*Broad based dollar demand following XAU slipping and profit taking as European
closed, witnessed the rate drop towards $0.7880. 
*The pair remained in consolidation mode for the majority of the afternoon
session, with the rate bouncing between $0.7880/90.

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