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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7900, range $.7867-0.7902, NY
open $0.7895, range $0.7888-0.7910
*Early pressure via the kiwi and subsequent break of $0.7200 started to weigh.
Aussie moved through the Asia low before finding a base at $0.7867
*The Aussie managed to pare some of its morning losses with a slow grind towards
$0.7900 ahead of NY. Greenback buyers emerged in early NY pushing the rate
towards $0.7890.
*The pair slowly grinded higher in a very quiet session, ahead of Jackson Hole.
*Demand via the crosses lifted the rate back above $0.7900 to extended recovery
highs of $0.7912.
*Very little flow or volume was reported by platforms, as the rate drifted back
towards $0.7905. 

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