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DJ -NEWS

MARKET TALK: AUD/USD Likely To Trade Below 0.8600 - ANZ

2117 GMT [Dow Jones] AUD/USD expected to trade in bottom half of 0.8550-0.8650 range in Asian trade with lackluster Wall St lead, Christmas holiday trade likely to keep currency trade subdued, ANZ senior interest rate strategist Sally Auld says. Notes AUD holding above 0.8550 in U.S. trade was surprising given bad corporate news from Bear Stearns, MBIA; risk aversion, thin liquidity to keep AUD/USD under 0.8600 in local session. "In the absence of any data, it
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