The New York opened witnessed broad based.....>

FOREX: The New York opened witnessed broad based dollar demand in anticipation

of the release of the GOP tax plan. The dollar bounced around with no real

direction through the morning session, before concerns over the tax plan emerged

with dollar losing ground. This combined with geo-political concerns over Saudi

Arabia emerged, the Dow coming under pressure and hawkish comments from the SNB

Jordan.

- AUSSIE: Just ahead of NY witnessed dollar sales as the market awaited the

release of the proposed tax plan. The pair jumped to session highs of $0.7694

before fading in early NY. Broad based dollar demand witnessed rate drop to

session lows of $0.7650. Tax concerns combined with oil and gold rallying

witnessed pair grind back over $0.7680.

-YEN: The pair grinded higher in NY after printing session lows of Y113.24 to

recovery highs of Y113.69. GOP tax concerns along with geo-political concerns in

Saudi witnessed investors move into gold and yen as a safe haven with the pair

drifting to session lows of Y113.09.