*Dec5 aussie-dollar open $0.7598,....>

AUSSIE SUMMARY: *Dec5 aussie-dollar open $0.7598, range $0.7597 to $0.7653

*Aussie opened in Asia toward the middle of the $0.7580 to $0.7618 range

witnessed yesterday, where positive progress on pro-growth tax reform has

underpinned the US dollar

*Aussie traded sideways in a $0.7597 to $0.7609 range ahead of local data

*Upbeat retail sales data has pushed the Aussie up from near $0.7608 to a high 

of $0.7646. Retail Sales for October came in at 0.5% against MNI's median of

0.3%. Dips were shallow and limited to $0.7634. 

*Reaction to the RBA was rather muted, the pair pushed higher by 10 pips to

$0.7648, but then traded back to $0.7638 just as quickly. RBA left rates on

hold, as widely expected and at first glance their statement looked little

changed from November's.

*Cross demand against yen then drove the aussie to a session high of $0.7654 and

heading toward the European open trades at $0.7650.