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European open $0.7851, range.........>

AUSSIE SUMMARY
AUSSIE SUMMARY: European open $0.7851, range 0.7844-0.7868, NY open $0.7854,
range $0.7853-0.7910
- Pressure on the greenback at the NY open witnessed the rate spike towards
$0.7865
- Weaker-than-expected US CPI sparked a wave of fresh dollar sales, aussie
spiked to react highs of $0.7899 before fading.
- The break back above $0.7900 triggered fresh demand from momentum type
accounts to $0.7908.
- The dollar pared back its post CPI losses, dropping from the session highs of
$0.7908 towards $0.7880.
- In reaction to the Russian Foreign Minster Lavrov remarks (Rtrs) witnessed a
further round of dollar demand, as the rate slips towards $0.7865
- A somewhat dovish tone from the Fed's Kaplan witnessed the rate grind towards
$0.7885. Broad based dollar pressure following commodities, witnessed the rate
grind to a new intra-day high of $0.7910 before slipping back towards $0.7895
into the Ny close.

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