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

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.