Aussie-dollar: Oct19 close...........>

AUSSIE SUMMARY: Aussie-dollar: Oct19 close $0.7877, Oct20 Asia range $0.7829-82,

Europe $0.7838-54

*Aussie opened flat in Asia, early dealings were seen light tied to a narrow

$0.7864-82 range

*Reports that the US Senate had passed a budget proposal that will pave the way

for Republican tax reform, gave a big a lift to both US TSY yields and the

dollar. Aussie slipped from the mid-$0.7860's to $0.7829, before recovering to

hold either side of $0.7845 for the balance of the session

*The firm dollar tone spilled over into Europe, despite this aussie saw limited

react and largely held a narrow 15 pip range with moves dictated via the crosses

(eur-aud)

*Initial support is seen at $0.7829/22 (Asia low, 100-dma), more techs on a

break at $0.7815 (50% $0.7733-0.7897). Solid offers continue to cap the topside

ahead of $0.7900. Aussie last $0.7839.