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FOREX: Currency markets mostly consolidated ahead of key economic data and
central bank meetings, news that Democrat Doug Jones had defeated Republican Roy
Moore in Alabama's Senate election caused a brief bout of dollar weakness before
reverting back to range trading. Republicans now hold 51-49 majority in the
Senate(prior 52-48), which may be a headwind to the passage of the tax bill. On
the session, dollar-yen held a Y113.13 to Y113.58 range. Aussie pushed higher
from $0.7553 to $0.7581 before fading. Euro-dollar rose from $1.1736 to $1.1762
before stalling. Meanwhile, cable consolidated within a fairly narrow $1.3313 to
$1.3334 range, with the focus on today's UK Labour report.