The euro has been unperturbed by an indecisive election in Spain, which threatens reform progress there, while sterling steadied after an early Asia dive. EUR-USD logged a peak of 1.0883 before ebbing to a narrow range around 1.0850, near net unchanged for the day. ECB member Vasillauskas said that it is not worth speculating on whether there will be addition stimulus at the present juncture, and German PPI also came in south of expectations, at -2.5% y/y in November after -2.3% in October.
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