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

AUSSIE SUMMARY: Aussie-dollar: European open $0.7818, range $0.7774-0.7819, NY

open $0.7782, range $0.7771-0.7789

*As recovery efforts held shallow into Europe, early dollar demand took out the

reported corporate bids through $0.7800. As the morning dragged on, the rate

continued to drift to sessions lows of $0.7774.

*Early NY witnessed AUD demand as the rate grinded towards $0.7795.

*As XAU continued to falter and firming US Tsys yields, the AUD followed suit,

dropping towards the intraday low of $0.7774.

*As XAU bounced of its lows of $1275.63, the rate followed suit grinding towards

$0.7790.

*Broad based dollar demand, combined with investors pulling out of XAU

and YEN ahead of the FED chair decision, witnessed the rate drop to a new

intraday low of $0.7771. Recovery was minimal as the greenback remained in

demand.