Softer than expected Aussie inflation data...>

AUSSIE: Softer than expected Aussie inflation data has seen the Aussie dropped

from around $0.7780 to $0.7741. Q3 CPI trimmed mean came in at 0.4% against

MNI's expectation of 0.5% and weighted median was up 0.3% against MNI's 0.4%.

Nomura's says, "The Q3 data adds to the run of CPI underwhelming the market

consensus, with the core measures now having come in below the median in 8 of

the last 10 quarters. The weaker CPI data is likely to weigh on the Aussie in

the near-term, particularly Aussie-kiwi given the extent of the move higher we

have observed over the past couple of sessions." Key-support lies at $0.7727

(50% $0.7329-0.8125 & Jul14 low), while uptick toward $0.7780 will likely

encounter fresh supply. Aussie was last at $0.7747.