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Risk-off flow dominated through Asia on......>

DOLLAR
DOLLAR: Risk-off flow dominated through Asia on the back of weaker Asian
equities and soft China activity data. The dollar registered modest gains with
the DXY holding towards the peak of its narrow 97.08-18 range. Bulls need to
clear the double-top resistance area at 97.50/55 before challenging the Nov 12
ytd high at 97.69. Expect stronger resistance behind here on approach to the 98
handle, a break opens the May 17 2017 high at 98.12. Support comes in today at
96.85/90, a break opens double bottom support at 96.35/40. Gold dipped under
$1240, holding toward the lower end of its $1239.59-1243.09 range. Bulls
continue to search for a break of the $1250 level, targeting the 200-dma at
$1254.23. Retail Sales are the main release in the US today at 1330GMT. Retail
sales are forecast to rise only 0.1% in November after a stronger than expected
0.8% gain in October. Not seasonally adjusted industry motor vehicle sales
slipped in November, while AAA reported that gasoline prices fell sharply in
mid-November from one month earlier. Retail sales are expected to also rise 0.1%
excluding motor vehicles after a 0.7% jump in October.

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