China November Trade Balance improves to 33.8B vs 31.1B

Session recap: A bit of a let down really – no sign of a December taper

EUR/USD was supported in the morning as Euro short rates rose due to yesterdays Draghi surprise when he wasn’t as dovish as markets had expected and had been positioned for. 1.3655/75 was the range as we moved up on leveraged dollar supply.
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China Exports (YoY) increase to 12.7% in November from 5.6%

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