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With the USD moderately stronger........>

EURO-DOLLAR
EURO-DOLLAR: With the USD moderately stronger across the board, EUR holds
towards the base of its narrow $1.1365-83 range at the European crossover.
Traders reported of extremely low volumes overnight with focus turning to German
Industrial Production data at the top of the hour (Median 0.3%, prior 0.2%).
Eurozone final Q3 GDP follows at 1000GMT, ahead of US Non-Farm Payrolls at
1330GMT. Headline median is forecast at 198k(Bbg), unemployment is expected to
remain steady at 3.7%, while the AHE component at 0.3% m/m. In other news,
Germany's CDU will vote today on Merkel's successor, from 1400GMT. EURUSD is
expected to hold the $1.13-1.14 range with large expiries either end rolling off
for today's NY cut. Downside support is seen at $1.1313/11 from the 200-wma &
Dec 5 low, option-related support behind at $1.1300 (Expiry E3.09bn). $1.1400
holds optional interest to the value of E2.02bn, above here opens the 50-dma &
Nov 23 high at $1.1416/21. Last $1.1369.   

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