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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7937, range $0.7899-0.7947, NY
open $0.7905, range $0.7898-0.7928
*As recovery efforts remained shallow, fresh dollar demand extended the
corrective pullback to fresh daily lows of $0.7898 in early NY
*The pair slowly grinded of the intra-day low towards $0.7915, as geo- political
concerns added weight to the greenback.
*Broad based pressure on the greenback, following a strong rally in the Dow,
witnessed the rate grind towards $0.7925.
*As commodities slipped, the Aussie followed suit drifting from $0.7925 towards
$0.7910.
*The Aussie continued to feel pressure, following commodities slipping, with the
rate falling towards the intra-day low of $0.7898.
*The pair gets a small lift, as profit takers emerged pushing the rate towards
$0.7910, as the market looks to Jackson Hole for direction.

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