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

AUSSIE SUMMARY: Aussie-dollar: European open $0.7905, range $0.7883-0.7906, NY

open $0.7891, range $0.7871-0.7950

*The move higher lacked follow through, fresh sellers emerged via the crosses

with a deeper reversal to print a new intra-day low of $0.7871 in early NY.

*The release of a mixed batch of US data witnessed the rate spike to recovery

highs of $0.7895.

*As oil and XAU rose, combined with broad based dollar pressure, witnessed the

rate jump towards $0.7915.

*Broad based dollar pressure at the 4pm month end re-balancing,

combined with XAU and oil rallying, saw the rate spike to a new intra-day high

of $0.7934. As the fix finished the rate slipped back towards $0.7920.

*A wave of broad based dollar pressure over Mnuchin comments, combined

with commodities rising saw the rate print a new intra-day high of $0.7941,

before slipping back towards $0.7925

*As commodities continued to firm , the pair followed suit with the jumping to a

new intra-day high of $0.7950.