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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.8034, range 0.7980-0.8035, NY
open $0.7986, range $0.7961-$0.7997
*The break back under $0.8000 triggered fresh momentum sellers to $0.7980 just
ahead of the NY open.
*Downside momentum continues as the pair takes another leg lower to
$0.7961.
*Continued pressure on the dollar across the board, after the release of weaker
new car sales, has seen the rate spike towards $0.8000.
*A sharp reversal in the dollar, as USD reserves drop has seen the rate drop
sharply from $0.7995 towards $0.7980.
*As oil dropped sharply, the pair followed suit with the rate dropping
towards the intra-day low of $0.7961.
*The pair received a small lift as ECNS were reported buying just off the lows,
with rate grinding towards $0.7985.
*A slight slip in the pair as a wave of broad based dollar buying took place
with the rate falling towards $0.7970. 

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