Little to write home about - As was the......>

FOREX: Little to write home about 

- As was the case Thursday, ranges have been particularly thin across the

European morning (although, interestingly, volumes are faring up much better

than the past few sessions) and this is most evident in EUR/USD, which trades

inside a mere 11 pip range so far Friday. Should today's range hold into the

close, it will be the smallest non-January 1st intraday EUR/USD range of all

time according to Bloomberg data.

- Eurozone inflation data came and went with little consequence, leaving markets

with little to look forward at the final ECB rate decision of the year in a few

weeks' time, even though it will be Lagarde's first time at the helm.

- The greenback had a minor blip higher mid-European morning, but the lack of

follow through suggests markets may remain horizontal today. NZD is the one of

the few showing some signs of life, after breaking through the mid-November

highs.

- Italian and Canadian GDP data are the sole releases Friday and a few speeches

are scheduled from ECB's Villeroy and de Guindos.