Release of better than forecast US......>

EURO-DOLLAR: Release of better than forecast US Personal Spending data Friday

provided a boost for the USD, firming UST yields and prompting equity inflows.

EUR/USD built on its move back below $1.1100 in NY, extending the move to probe

under its Dec11 low of $1.1070 to $1.1066. Rate performed a partial recovery,

closing the week at $1.1078. Early touch of $1.1086 at the Asia open before rate

settled around $1.1080. Rate dipped to $1.1073 in early Tokyo only to recover

through the balance of a quiet session to retest the $1.1086 level in early

Europe. Positive trade related comments have provided some boost for risk,

though Global Times played this down via Twitter, noting "China would reduce

import tariffs even without the phase-one deal'. An earlier than scheduled

release of Germany Import Prices had little market effect. Christmas markets in

effect lowering interest/volatility. US Durable Goods data at 1330GMT provides

main interest. 

- Support $1.1066/63, $1.1040. Resistance $1.1090, $1.1100-05. 

- A total of E1.52bln of options expire between $1.1060-80(mainly concentrated

at $1.1070), E1.02bln of EUR puts.