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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7926, range $0.7922-0.7975, NY
open $0.7970, range $0.7951-0.7983
*The surge in gold prices provided a much needed relief, aussie squeezed to
$0.7969 ahead of NY
*As gold continued to rally and geo-political concerns added weight on the
greenback, aussie spiked to a new intra-day high of $0.7983 in early NY.
*The Aussie pared back some of its early NY gains, as ECNS were reported taking
profit, pushing the rate towards $0.7965.
*As XAU continues to rally, in reaction to the North Korean missile test the
pair followed suit, grinding towards the intra-day high of $0.7983.
*Broad based dollar demand, as XAU falls from its highs, witnessed the
rate follow suit, with the pair dropping towards $0.7965.
*Broad based dollar demand as gold fell further from its highs and oil slipped
witnessed the rate drop towards $0.7950.

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