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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7718, range $0.7700-0.7726, NY
open $0.7711, range $0.7721-0.7690
*The dollar-yen break of Y114.00 triggered by firmer UST yields pressured to
extended pullback lows of $0.7700 just ahead of NY.
*The recovery off pullback lows ($0.7700) extended to the $0.7715 area
before fading in early NY.
*The greenback received a lift, after the release of stronger than expected US
Durable Goods Orders with the rate dropping to fresh intraday lows of $0.7699
before meeting demand and grinding towards $0.7715.
*Strong US New Home sales witnessed a wave of dollar demand with the pair
dropping towards the lows of $0.7699.
*As the pair broke the 200-DMA at $0.7694, the rate slipped to fresh
intraday lows of $0.7690, despite the greenback losing ground against the yen
and euro.

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