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EURO SUMMARY: *Dec13 Euro-dollar open $1.1742, range $1.1736 to $1.1762
*Euro opened in Asia toward the lower side of the $1.1718 to $1.1793 range
witnessed yesterday, where modest US dollar strength amid upbeat US data and
firmer US rate yields was the theme.
*Euro consolidated between $1.1736 and $1.1748 for the majority of the session
*News that Democrat Doug Jones had defeated Republican Roy Moore in Alabama's
Senate election caused a brief bout of dollar weakness, euro edged up from
around $1.1745 to $1.1762 before stalling
*Republicans now hold 51-49 majority in the Senate(prior 52-48), which may be a
headwind to the passage of the tax bill.
*German CPI for November provides the initial event risk for the session ahead,
which also includes US CPI and FOMC