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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7955, range 0.7954-0.7972, NY
open $0.7966, range $0.7953-0.7993
*Eur-yen demand from model types and the subsequent move through Y131.00
triggered fresh aud-jpy buying pushing the rate towards $0.7974 in early NY
*Profit takers emerged in a very quiet session with the rate dropping towards
$0.7960
*With renewed dollar pressure in reaction to the Dow trading above 22,000 and US
Tsys yields falling witnessed the rate grind towards $0.7970.
*Dovish comments by the Fed's Bullard's (MNI exclusive), saw the rate print a
new intra-day high of $0.7983
*As commodities fall the pair has followed suit with the rate dropping
back towards $0.7970.
*A fresh wave of dollar pressure, following commodities reversing and
turning positive witnessed the rate print a new intra-day high of $0.7993.
*The pair met resistance from ECNS, pushing the rate back towards $0.7970. 

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