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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Europe open $0.7675, range $0.7665-0.7688, NY
open $0.7680, range $0.7656-0.7682
*The quiet theme spilled over into Europe, early slippage to $0.7665 stalled
ahead of support from the Asia low ($0.7664)
*Aud/jpy demand extended the recovery to $0.7688, before profit take sales eased
the rate towards $0.7675 into the NY open.
*The release of weaker than expected German CPI, witnessed the greenback get a
lift, as eur/usd dropped sharply, this combined with XAU drooping, saw the rate
print a fresh intra-day low of $0.7656.
*The rate pared back some of its losses after printing fresh intraday lows of
$0.7656, as the rate slowly grinded back towards $0.7670.
*Following gold getting a lift and investors moving into other safe
havens (Chf and Yen) and the Dow falling witnessed the rate grind towards the
session high of $0.7688. The move coincided with concerns over Trumps tax plan
and his upcoming Fed nominee announcement on Thursday, Powell is reported to be
the front runner.

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