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

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: European open $0.7571, range $0.7542-75, NY open
$0.7547, range $0.7536-0.7572
*Aud-Jpy supply continued to pressure in early Europe, the kiwi break of
NZ$0.6817 (2017 low) with added weight from Gbp/Aud extended the corrective
pullback to near 5-month lows of $0.7542
*As commodity-based currency pairs remained on the defensive, Aud-Usd
managed to grind out a fresh daily low of $0.7536.
*As the dollar came under pressure across the board, following gold
rallying and US Tsys yields dropping, the pair bounced off its session lows and
back over $0.7550 before fading.
*Broad based dollar pressure, as commodities rallied and the Dow dropped 
witnessed the rate grind towards $0.7560.
*As commodities continued to rally, the rate followed suit grinding towards
$0.7575.
*Towards the NY close the dollar pared back some of its losses, with the rate
dropping back towards $0.7560.

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