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Aussie-dollar: European open.........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.8055, range 0.8007-0.8055, NY
open $0.8014, range $0.7957-0.8017
*Felt the weight of euro-dollar and extended its corrective pullback to $0.8007.
Before meeting demand in early NY, pushing the rate towards $0.8020
*Having touched 26-month highs of $0.8066 in Asia, the dollar started to pare
post-FOMC losses throughout the European morning session. Aussie continued to
drift in early NY as the rate tested $0.8000
*Under renewed pressure with euro-dollar, rate slipped to fresh daily lows of
$0.7982.
*Broad based dollar demand at the London 4PM WMR witnessed the rate drop to a
new intra-day low of $0.7967
*Persistent dollar demand across the board has seen the rate drop further to a
new intra-day low of $0.7957.
*The pair received a lift, as greenback profit takers emerged pushing the rate
towards $0.7975.

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