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Backing on from the 'Thanksgiving Day'........>

FOREX
FOREX: Backing on from the 'Thanksgiving Day' holiday the Asia-Pacific session
was always going to be a quiet affair, currency pairs generally consolidated and
were held to tight ranges. Dollar-yen was a minor outlier, the greenback rising
from Y111.20 to Y111.48, demand into the Tokyo-fix and firmer US rate yields
supported the move. Euro-dollar traded sideways in a $1.1837 to $1.1856 range.
One story hit the wires, but surprisingly the market showed little reaction,
'Green party calls for Chancellor Merkel to forge coalition with SPD', citing
Bild, perhaps European traders will see the news as supportive and take the euro
a little higher. Meanwhile, Aussie currently sits at $0.7620 and cable at
$1.3294, after trading in respective ranges of $0.7616 to $0.7632 and $1.3289 to
$1.3313.

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