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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7878, range 0.7867-0.7887, NY
open $0.7881, range $0.7874-$0.7902
*The pair opened at the higher end of the range in early NY, as the market
looked to NA for direction.
*Broad based dollar pressure following the release of weak US data witnessed the
rate spike
towards $0.7900.
*With the dollar under renewed pressure, rate briefly made a show
back above $0.7900 before fading.
*Following a sharp drop in oil the pair followed suit, with the rate dropping
towards $0.7875
*Following a dovish tone from the FED's Dudley, the rate popped
back over $0.7890.
*Geo-political concerns remained the theme into the close, as the rate tested
the resistance at $0.7900.

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