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Market News Topics
October 06, 2017 18:19 GMT
Aussie-dollar: European open.........>
AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7756, range $0.7753-0.7878, NY
open $0.7775, range $0.7733-0.7780
*Markets remained very quiet in the European morning with main focus on US jobs
report, despite the impact of Hurricane Harvey and Hurricane Irma, markets will
again mainly look at average hourly earnings for direction. NY opened near the
top end of the European range.
*Broad based dollar demand linked to the strong AHE component witnessed the
aussie pared gains to $0.7748 before support ahead of the Asia low ($0.7743)
cushioned falls. Rate recovered to the $0.7760/70 area
*As XAU dropped further the rate followed suit, with the rate falling to fresh
intraday lows of $0.7733.
*The dollar came under a fresh wave of pressure in reaction to reports of NK are
preparing to test a long range missile capable of reaching the west coast. The
rate spiked towards $0.7770 before losing momentum.
*The Aussie received a fresh wave of demand, as traders looked to XAU as a safe
haven over concerns in NK, the rate headed towards $0.7780.
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