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CURRENCIES

CURRENCIES: The December Euro currency closed up 37 points at 1.2815 today. Prices closed near the session high saw short covering in a bear market. The Euro bears still have the overall near-term technical advantage. However, the bulls are trying to start an uptrend.

The December Japanese yen closed down 13 points at .9365 today. Prices closed near the session high. The bulls are fading again. Bears have the near-term technical advantage.

The December Swiss franc closed up 38 points at 1.0619 today. Prices closed near the session high on more short covering. The bears still have the near-term technical advantage.

The December Canadian dollar closed down 9 points at .8850 today. Prices closed nearer the session low. The bears still have the solid near-term technical advantage.

The December British pound closed up 59 points at 1.6161 today. Prices closed near the session high on short covering after hitting an 11-month low last week. The bears still have the solid overall near-term technical advantage.

The December U.S. dollar index closed down 0.173 at 85.040 today. Prices closed near the session low today. The greenback bulls still have the overall near-term technical advantage but are fading.

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