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Opened in Asia at $1.1595 in the........>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia at $1.1595 in the middle of yesterday's rather
narrow $1.1579 to $1.1611 range, where consolidation was the theme. China CPI
and PPI for October are the main event risks for the session, headline inflation
is expected to quicken to 1.8%, from 1.6% prior, while PPI is expected at 6.6%,
down from 6.9% prior. In option space, there is a large expiry today at
$1.1600(E1.43bn), that may act to contain the near-term range, at lease for the
Asia session. Resistance lies at $1.1611-16 (Nov8 and Nov7 highs), while
yesterday's $1.1579 low provides initial support.  

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