*Nov22 Aussie open $0.7578, range....>

AUSSIE SUMMARY: *Nov22 Aussie open $0.7578, range $0.7562 to $0.7596

*Aussie opened in Asia toward the upper side of the $0.7550 to $0.7590 range

witnessed so far today, where the Aussie was underpinned by improved

risk-sentiment, VIX trading below 10, and a fairly optimistic sounding RBA Lowe,

who reiterating the Bank's confidence that wage and price growth will pick up,

albeit gradually. Lowe also said, that while rates would remain low for the

foreseeable future he saw the next rate move as a hike rather than a cut.

*Aussie drifted higher to $0.7589 ahead of local data, the move was in-line with

modest US dollar weakness seen in other pairs

*Australian Q3 construction work done came in a +15.7% q/q against MNI's median

of -2.0% q/q. Aussie kicked a little higher from $0.7586 to $0.7596 before

meeting supply

*Aussie then traded with a slightly heavy tone, the rate easing from around

$0.7588 to $0.7562. Traders were unsure what the actual catalyst was, some say

it is domestic politics with another senator resigning over duel citizenship,

others citing Aussie-yen sales going through their books