Aud/Usd: Dec6 close $0.7563, Dec7....>

AUSSIE SUMMARY: Aud/Usd: Dec6 close $0.7563, Dec7 Asia range $0.7542-70, Europe

$0.7521-47

*The aussie encountered fresh pressure overnight following the release of much

weaker-than-excepted Trade data

*Aud/Usd dropped from near $0.7565 to $0.7542 after October's trade surplus came

in at A$105mn against MNI's median of A41.2bn, the main take looked to be on the

export component, the data showed a decline of 3.0% m/m

*Cross demand against kiwi supported off the low to hold $0.7555 for the balance

of the session

*Aussie continued heavy into Europe, initially weighed by sharp falls in gold,

cross supply predominantly in Eur/Aud pressured to near 6-month lows of $0.7521

*Minor recoveries extended to the $0.7530/35 area but lacked follow through. The

downside remains in check with demand reported on approach to $0.7500 which also

holds support from the Jun7 low.