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Aussie-dollar: Nov8 close $0.7675,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Nov8 close $0.7675, Nov9 Asia range $0.7663-90,
Europe $0.7669-93
*Aussie-dollar opened flat in Asia, early dealings were seen light tied to a
narrow $0.7674-81 range
*September's Housing Finance data came in at -2.3% m/c against MNI's median of
+3.0%, Aussie dipped from $0.7678 to $0.7663 before meeting demand
*Commodity futures opened higher, strong China PPI data underpinned, aussie
squeezed to $0.7690 before fading
*Aussie opened firm in Europe, rate gained support from the Eur/Usd squeeze to
$0.7693. Failure to extend gains saw a quick reversal to hold $0.7680/85
*Cross supply added to the downside momentum, rate touched $0.7669 before
stalling ahead of support from the Asia low ($0.7663)
*Resistance around the $0.7700 area which holds the 200-dma has proved tough to
crack, a break here opens reported macro supply through to $0.7710.

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