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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7939, range 0.7905-0.7940, NY
open $0.7908, range $0.7899-0.7916
*Continued the slow grind lower to $0.7905 in early NY, with the rate hovering
close to the intra-day low.
*Recovery efforts remained shallow in early NY, rate held near the base of its
daily range, last $0.7912.
*Fresh wave of dollar demand touched extended pullback lows of $0.7900
before meeting the reported bids placed there and grinding towards $0.7910.
*Following a fall in oil prices and broad based dollar demand, witnessed the
rate print a new intra-day low of $0.7899.
*A small turn in the dollar after printing a new intra-day low of $0.7899 with
the rate grinding towards $0.7915 into the NY close.

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