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Aussie-dollar: Oct25 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Oct25 close $0.7697, Oct26 Asia range
$0.7697-0.7719, Europe $0.7678-0.7719
*Aussie opened heavy in Asia, slippage back under $0.7700 was met by domestic
corporate demand with recovery efforts squeezing to $0.7717
*Soft UST yields were supportive of the move, however weak ore and steel futures
countered
*The quiet theme spilled over into Europe with trade initially held to a narrow
$0.7704-19 range
*Dovish RBA Debelle remarks that warned sizable spare capacity in labour market
and inflation may remain subdued, took the aussie back under $0.7700
*Second wave sales moved through the 200-dma to 3-mth lows of $0.7678, before
recovering to the $0.7690/95 area
*Cross demand continued to pare morning losses, rate squeezed to recovery highs
of $0.7711 but soon faded.

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