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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7968, range 0.7937-0.7991, NY
open $0.7948, range $0.7948--0.8007 
*Euro-dollar demand following strong German state CPI readings supported, aussie
squeezed to $0.7991, before profit take sales emerged off the high 
*Took out the reported bids through $0.7950 with slippage extending to fresh
daily lows of $0.7937 in early NY. 
*Soft US GDP data triggered sharp dollar sales, aussie spiked to fresh daily
highs of $0.7995. 
*The dollar pared back some of its losses post GDP as the rate slipped back
towards $0.7970 before bouncing back towards $0.7990. 
*The Aussie received a further lift breaking the resistance at $0.8000,
following firmer commodities, with the rate printing a new intra-day high of
$0.8007. 
*The Aussie slipped from its newly posted intra-day high of $0.8007 towards
$0.7985 into the NY close.

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