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Europe open: $0.7590, range..........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Europe open: $0.7590, range $0.7558-90, NY open: $0.7566
range:$0.7559-95
* Despite the release of stronger-than-expected Capex and Building Approval
data, the Aussie remained largely subdued.
* Upbeat China manufacturing PMI data lifted from $0.7570 to $0.7592, but with
lack of follow through the pair drifted.
* Broad-based dollar demand started to pressure, Aud extended its corrective
pullback to $0.7558 before support ahead of the Asia low ($0.7557) cushioned
falls.
* The pair printed fresh intra-day highs of $0.7595 on broad based dollar
selling before it faded to 0.7580.
* As US Tsys strengthened and the dollar gained a risk-on mood kicked in amid
speculation that the US Senate will pass a GOP tax bill. Aussie pared its gains
and drifted back near intra-day lows of $0.7557.

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