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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7922, range 0.7911-30, NY open
$0.7930, range $0.7928-0.7951
*Recovery efforts stalled ahead of $0.7925, before another wave of cross supply
witnessed a deeper reversal to $0.7911
*The pair received a lift following a wave of broad based dollar selling in
early NY, as the rate jumped to a new intra-day high of $0.7935.
*Received an added lift with euro-dollar to anew intra-day high of $0.7951. The
pair met resistance and slipped back towards $0.7940.
*As oil slipped and the dollar started to pare back some of its losses the rate
followed suit with the pair drifting towards $0.7930.
*The pair gets a small lift following broad based greenback pressure with the
rate grinding towards $0.7940.
*The pair remained in consolidation mode into the NY close, with the rate
slipping towards $0.7930.

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