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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7680, range $0.7657-0.7693, NY
open $0.7658, range $0.7640-0.7670
*Pullback off the high extended to the $0.7665/60 area with added weight via the
crosses into the NY open.
*Continued on the defensive with added weight via the crosses
(eur-aud/aud-jpy) to print extended pullback lows of $0.7649 in early NY.
*Following broad based dollar demand and XAU falling, the rate  dropped to fresh
session lows of $0.7644, before meeting some demand from ECNS. However traders
have noted that the greenback remains in demand.
*A further wave of dollar demand and heavy pressure on XAU, witnessed
Aussie drop to fresh session lows of $0.7640 before meeting willing dip buyers
and grinding back towards $0.7650.
*Month end re-balancing witnessed broad based Aussie demand, with the rate
jumping to $0.7670. As the re-balancing ended the rate fell back towards
$0.7655.

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