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

AUSSIE SUMMARY: Aussie-dollar: European open $0.7980, range 0.7967-90, NY open

$0.7971, range $0.7961-0.8002

*The European morning witnessed a very quiet session. As cross play dictated,

eur-aud traded either side of A$1.4700 which contained aud-usd to a tight

$0.7967-90 range

*Consolidation remained the theme in early NY with the pair tied to a very

narrow $0.7966-79 range

*Broad based dollar pressure, which traders suggested is month end rebalancing

witnessed the rate grind towards $0.7975.

*Broad based dollar pressure at the 4PM WMR has seen the rate test the intra-day

high of $0.7992.

As the WMR came to a close the rate slipped back towards $0.7975.

*Renewed broad based dollar pressure, as the Dow approached 22,000 witnessed the

rate print a new intra-day high of $0.7994.

*Continued dollar pressure witnessed the rate grind higher ahead of the RBA,

with the rate printing a new intra-day high $0.8002