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Aud/Usd: Dec14 close $0.7644,........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Dec14 close $0.7644, Dec15 Asia range $0.7641-61,
Europe $0.7654-71
*Aussie opened in Asia toward the lower side of Friday's $0.7638-95 range where
progress on the passage of the US tax bill underpinned the greenback
*Australia's mid-year budget update did little to encourage trading, the
government forecasting a smaller deficit of A$23.6b compared to previous
forecast of A$29.4b, with the budget expected to return to a surplus in 2020-21
(unchanged)
*It remained a dull-affair in the Asia-Pacific region, Aud/Usd consolidated in a
narrow $0.7641-63 range
*The quiet theme spilled over into the European morning session as the Aud could
only manage a 17 pip range
*Initially supported by Eur-Usd gains, Aud moved through the Asia high to
$0.7671 before fading
*Minor supply via the crosses started to weigh, rate drifted to the $0.7654-56
area ahead of NY.

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