Aussie-dollar: Nov6 close $0.7688,...>

AUSSIE SUMMARY: Aussie-dollar: Nov6 close $0.7688, Nov7 Asia range

$0.7677-0.7701, Europe $0.7652-83

*As expected the RBA left the OCR rate unchanged at 1.5% and continued with its

neutral bias. The bank noted an appreciating AUD would slow economic pick-up and

warned that high China debt levels remain a medium term risk

*Aside from this and on a positive note, the governor pointed out that prospects

for non-mining business investment had improved

*Aussie-dollar briefly made a show above $0.7700, touched react highs of $0.7701

before fading

*Rate continued to extend its corrective pullback into Europe, the surging

dollar linked to firmer UST yields/Nikkei 225 pressed to $0.7665

*The eur-usd break of $1.1600 triggered renewed supply with a deeper reversal to

$0.7652

*Recovery efforts have so far remained shallow as traders eye the reported

$1.1550 eur/usd barrier for direction. Light demand is reported on approach to

$0.7600 ($0.7603 - Jul11 low). Aussie last $0.7656.