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Aussie-dollar: Oct26 close...........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aussie-dollar: Oct26 close $0.7657, Oct27 Asia range $0.7625-64,
Europe $0.7634-49
*Aussie encountered early pressure into Asia, the rate slipped from near $0.7660
to $0.7630. US dollar strength aside, commodity futures also weighed, Shanghai
copper was down 1.0%, steel rebar lower by 1.75% and Dalian ore down 4.0%
*Failure to break through technical support prompted a small rally to $0.7652 on
minor short-covering
*Aussie then dropped sharply to $0.7625 following news Australia's Deputy PM had
been disqualified from the country's parliament over his dual New Zealand
citizenship and in the process losing the government's its one-seat advantage
*Consolidation largely remained the theme in Europe, trade volumes were seen
light tied to a narrow $0.7634-49 range
*Following on from the Deputy PM's disqualification traders did note the
disruption would be minimal as parliament does not resume again until Nov27
*Focus on US GDP for direction at 1230GMT. Aussie last $0.7642.

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