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News that Democrat Doug Jones had.......>

EURO-DOLLAR
EURO-DOLLAR: News that Democrat Doug Jones had defeated Republican Roy Moore in
Alabama's Senate election caused a brief bout of dollar weakness overnight.
Eur/Usd extended its recovery off yesterday's traded low ($1.1718) to $1.1762
before fading. The euro caught a fresh bid tone in early Europe, rate managed to
grind out highs of $1.1763 but again lacked follow through. Traders look toward
the $1.1800 area as next resistance ($1.1793 - Dec12 high).
* Busy on the European calendar today with German Wholesale Prices and HICP
data, both are scheduled for release at 0700GMT.
* Eurozone Employment figures and Industrial Production data follow at 1000GMT.
* The main event of the day at 1900GMT is the FOMC Rate Announcement. The FOMC
are widely expected to hike rates 25bp, though markets expect their tone to be
dovish. Rounding off the day at 1930GMT Federal Reserve Chair Janet Yellen will
give a press conference, in Washington.
* Option-expiries today: *EUR/USD: $1.1650(E531mn), $1.1675(E707mn),
$1.1700(E1.42bn), $1.1750(E950mn), $1.1800-05(E1.09bn), $1.1825-30(E834mn),
$1.1845-50(E950mn), $1.1870-75(E692mn), $1.1900(E677mn), $1.2000(E862mn).

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