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Aussie-dollar: Oct16 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Oct16 close $0.7850, Oct17 Asia range $0.7835-59,
Europe $0.7833-61
*In-line with the stronger dollar theme, the Aussie dropped from $0.7859 to
$0.7838 in early Asia 
*Although a little upbeat, RBA's October minutes passed without incident
*Aussie extended the move on the downside to $0.7835, before recovering to
$0.7853 on mostly Aussie-kiwi demand following more NZ political uncertainty,
with 'Kingmaker' Winston Peters still unable to decide which party to go with
*Aussie opened heavy in early Europe, soft gold prices pressured to extended
pullback lows of $0.7833
*The dip attracted fresh demand interest, rate was quick to pare losses and held
around the $0.7850/55 area
*Cross buying (eur-aud/aud-jpy) extended the recovery, rate moved through the
Asia high to $0.7861 before fading
*Solid offers are reported to cap the topside ahead of $0.7900. Aussie last
$0.7854.

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