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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7664, range $0.7643-0.7666, NY
open $0.7649, range $0.7617-0.7648
*Short squeeze in early Europe managed to print $0.7666, but with lack of follow
through was quick to pare gains in early Europe trade.
*Soft oil prices started to weigh, aud-jpy sales extended the corrective
pullback to $0.7643 before support from the Asia low ($0.7642) cushioned falls
just ahead of NY.
*Continued defensive in early NY with slippage extending to fresh daily lows of
$0.7635.
*The greenback received a lift across the board as US Tsys yields move higher
along with the Dow, the rate went onto print fresh session lows of $0.7631.
*Further pressure on the Aussie as commodities dropped, witnessed the rate fall
to new intra-day lows of $0.7617. Traders are reporting demand at the $0.7620/10
level.
*A small bounce in the pair since printing fresh session lows of $0.7617 as the
rate slowly grinds towards $0.7630.

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