The dollar continued to gain the upper hand...>

FOREX: The dollar continued to gain the upper hand against its peers, supported

by favourable US tax reform developments and ECB's dovish tapering announcement.

Euro-dollar eased from $1.1657 to post a new low at $1.1625. Dollar-yen pushed

higher from Y113.97 to Y114.26, large option strikes between Y114.00-Y114.50

helping to contain the range. Cable trekked lower from $1.3162 to $1.3113, aside

from broad-based dollar strength, Bundesbank's Dombret warned, banks need to

prepare for a failure of U.K. exit negotiations in view of sluggish state of

talks and for a disorderly exit. Meanwhile, Aussie remained friendless, the rate

edged lower from $0.7664 to $0.7630, the lowest level since Jul12. Today's US Q3

GDP provides the next significant event risk, economic growth is expected to be

2.6%, down from the 3.1% in Q2 due to hurricane impacts.