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AUSSIE SUMMARY: Aud/Usd: Dec12 close $0.7560, Dec13 Asia range $0.7553-81,
*Aussie opened in Asia toward the upper side of yesterday's $0.7519-80 range
where M&A activity was seen to underpin the Aussie, with news that
Unibail-Rodamco, a French owner of shopping malls, had agreed to buy Westfield
for A$32.7bn, of which around 35% will be paid in cash
*Strong Westpac Consumer Sentiment data initially supported
*News that Democratic Jones had won the Alabama Senate election then triggered
modest dollar weakness, Aud-Usd lifted from $0.7553 to $0.7581 before light
profit take sales emerged off the high
*RBA Governor Lowe also spoke overnight but made no reference to monetary policy
*As recovery efforts held shallow throughout Europe, Aud drifted to $0.7560 in
*North Asian demand briefly cushioned, before another wave of supply pressured
to re-test the Asia low ($0.7553). Last $0.7559.