*Dec4 Euro-dollar open $1.1888,........>

EURO SUMMARY: *Dec4 Euro-dollar open $1.1888, range $1.1851 to $1.1889

*Euro-dollar opened in Asia toward the middle of the $1.1851 to $1.1940 range

witnessed on Friday, where the dollar was broadly offered on the Flynn

headlines, but recovered late in the piece with progress made on the US tax

bill, leaving the Euro largely unchanged on the session. 

*Broad-based US dollar strength was the theme in Asia, with the US Senate

finally passing the Republican tax bill. Euro-dollar dropped from $1.1888 to

$1.1851 in early trade

*Recoveries were held to $1.1875, euro-sterling supply then saw the euro dip to

$1.1856 before meeting demand

*The pullback was then held to $1.1876 and for the balance of the session the

pair consolidated in a $1.1868-76 range

*EU PPI, US Factory Orders and Durable Goods Orders provide the event risks for

the session ahead