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*Oct27 Aussie-dollar open $0.7660,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Oct27 Aussie-dollar open $0.7660, range $0.7625 to $0.7664
*Aussie opened in Asia at the low side of yesterday's $0.7656 to $0.7719 range,
where broad-based US dollar strength and cautious comments from RBA's Debelle,
placed the Aussie on the defensive. Debelle noted, 'there still remains a
sizeable degree of spare capacity in the labour market.'
*Aussie was under pressure from the get-go, the rate fading 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 lower from $0.7650 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
*For the balance of the session consolidation became the theme, the pair held a
narrow $0.7632 to $0.7639 ahead of the European open.

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