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The soft USD theme has seen the EUR.....>

EURO-DOLLAR
EURO-DOLLAR: The soft USD theme has seen the EUR hold at elevated levels ahead
of German IFO data at the top of the hour. EURUSD touched highs of $1.1377,
before stalling around resistance from the 61.8% fibo of $1.1443-1.1270. Above
here opens a run at the $1.1400 level which also holds very large E1.05
option-expiry interest for today's NY cut. The German Ifo Business Climate Index
is anticipated to drop in December to 101.9 from 102.0 in November. EURUSD last
$1.1371. 

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