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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7663, range $0.7657-0.7689, NY
open $0.7680, range $0.7664-0.7696
*Persistent demand via the crosses (predominantly eur-aud/aud-yen) supported,
aussie touched highs of $0.7689, just ahead of NY.
*The release of better than expected ADP data, witnessed broad based dollar
demand with the rate dropping to $0.7670.
*The release of weaker than expected ISM MFG witnessed broad based dollar
pressure with the rate jumping to a fresh intraday high of $0.7696 before
fading.
*The AUD dropped following oil and XAU moving lower, the rate drifted to
pullback lows of $0.7670.
*Very little market reaction to the release of the FOMC as a December
hike still looks very much in play. The dollar initially lost ground rising
towards $0.7685 before fading towards $0.7670.

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