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EURO-DOLLAR: As was the case yesterday, the dollar is trading close to its
weakest level of the session as Europe comes to market, which is helping lift
both EUR/USD and GBP/USD to respective session highs. For EUR/USD, the immediate
target is $1.1959 (yesterday's high) but further resistance is touted up to the
Nov27 high of $1.1961, which lies in very close proximity to significant option
expiry interest at $1.1985 (close to E2bln), which is due to roll off on Jan9.