Dollar on top, Sterling and Aussie left.......>

FOREX: Dollar on top, Sterling and Aussie left behind

-The greenback enjoyed a modest bounce in Tuesday trade, rising against all

other G10 despite equity markets slipping back into the red. JPY closely

followed the greenback as month-end flows took focus in a holiday-shortened

week.

-Sterling fell from the get-go and dropped close to 200 pips to trade at $1.4067

on month-end demand for EUR/GBP as well as anticipated M&A flows via GSK's

decision to purchase a JV stake for $13bln. Much of the earlier weakness was

absorbed ahead of the close, resulting in GBP/USD climbing back above $1.4150.

-EUR looked mixed across the board, but EUR/USD managed to re-take $1.24 after a

failed attempt to break through yesterday's lows.

-AUD traded weaker throughout the session as commodities slipped across the

board (crude, gold, silver all down near enough 1%), but AUD/USD still sits

comfortably above last week's lows.

-US tertiary GDP figures take focus tomorrow, but markets will likely brush off

the numbers as volume evaporates before the extended weekend.