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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7679, range $0.7669-94, NY open
$0.7687, range $0.7650-0.7690
*Aussie opened firm in Europe, rate gained support from the Eur/Usd squeeze to
$0.7693. Failure to extend gains saw a reversal to $0.7670/75.
*Just ahead of NY witnessed dollar sales as the market awaited
the release of the proposed tax plan. The pair jumped to session highs
of $0.7694 before fading in early NY.
*Pullback off European morning highs ($0.7694) witnessed the pair retrace to the
$0.7665/68 area.
*Further dollar demand witnessed the Aussie touch extended pullback lows of
$0.7650.
*Broad based dollar pressure in reaction to concerns over the tax bill
witnessed the rate jump towards $0.7665.
*As oil and gold rallied over geo-political concerns in Saudi Arabia witnessed
the rate grind back over $0.7680 into the NY close.

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