United States NFIB Business Optimism Index in line with expectations (99.5) in December

Euro (EUR) is likely to trade in a range between 1.1640 and 1.1700. In the longer run, weakness in EUR from early last week has stabilized; for the time being, it is likely to consolidate between 1.1615 and 1.1730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.