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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7896, range $0.7885-0.7931, NY
open $0.7922, range $0.7905-0.7944
*Minor pullback off the high ($0.7931) encountered willing dip buyers
ahead of $0.7915 to consolidate $0.7920/25 in early NY
*Broad based dollar pressure, following a drop in US Tsys yields, witnessed the
rate grind towards $0.7930.
*As commodities continued to rise, combined with US Tsys yields falling. The
rate printed a new intra-day high of $0.7938, before meeting supply from black
boxes and slipping towards $0.7925.
*As oil reversed and turned negative, the Aussie followed suit, with the rate
dropping to pullback lows of $0.7911.
*A spike in oil and a wave of aud/yen demand, witnessed the rate jump to a new
intra-day high of $0.7944. The par met resistance and slipped towards $0.7935.

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