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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7864, range $0.7836-0.7871, NY
open $0.7858, range
*Persistent dollar demand linked to firming UST yields started to add weight,
rate moved through $0.7850, extended to $0.7836 before fading
*The rate grinded towards $0.7860 as NY entered the fray, following XAU
rallying.
*The release of better than expected Durable Goods Orders witnessed broad based
dollar demand, as rate dropped towards the intraday low of $0.7836.
*The Aussie received a lift following Aud/Yen demand and Eur/Aud pressure, as
the rate grinded towards $0.7870.
*A sharp sell off in the dollar across the board witnessed the rate spike to
$0.7883, before meeting supply from ECNS and dropping back towards $0.7860.
*The pair remained in consolidation mode into the NY close, as the rate bounced
between $0.7855/65.

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