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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7946, range $0.7897, NY open
$0.7898, range $0.7859-0.7902
*Took out the reported bids through $0.7905/00 with added weight via
euro-dollar. Extended low print of $0.7893 in early NY.
*The dollar continued its buoyant tone as the NY morning dragged on, with the
rate dropping to a new intraday low of $0.7879, before meeting demand and
bouncing back towards $0.7890.
*Broad based dollar demand in reaction to news that Trump will announces tax
plan tomorrow and that "money will come pouring back in to the US", witnessed
the rate drop to fresh intraday lows of $0.7869.
*Dollar demand across the board following comments from the FED's
Yellen witnessed the rate drop to new session lows of $0.7859.
*The greenback pared back its recent gains, as Yellen took questions
on December rate hike and offering very little clarity, saw the rate jump to
recoveries highs of $0.7901. Before slipping towards $0.7885

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