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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7940, range $0.7922-40, NY open
$0.7929, range $0.7929-0.7994
*Modest dollar demand saw the pair extend its slow grind lower throughout the
European session to $0.7925, ahead of the NY open
*The weak US jobs report (AHE) witnessed the aussie spike to extended
react highs of $0.7994.
*Since printing react highs of $0.7994, the greenback pared back some of its
losses, following a sharp drop in XAU and oil with the rate falling to $0.7966.
*Broad based dollar demand following the release of strong US Data saw the pair
drop to pullback lows of $0.7940 before bouncing back over
$0.7950.
*As commodities (XAU and Oil) started to pare back their losses, the Aussie
pared back some of its losses with the rate grinding towards $0.7990.
*The pair met supply ahead of $0.8000, pushing the rate towards $0.7970.

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