ForexLive US wrap: Ring-a-ling, hear them sing, soon it will be Christmas Day

SNB's Hildebrand: Euro will still exist in 5-years time; SNB to do all it can to defend exchange rate target North Korean conducted missile test today: South Korean media  Belgian consumer sentiment rises to -12 in December from -14 in November EU appoints France's Coeure to managing board German foreign minister: UK is an indefensible EU partner ECB bought EUR 3.4 bln in debt least week; total 211 bln Draghi warns of continued contagion in new year as banks refinance; If France loses AAA will effect other ratings, EFSF a big question Spain's Ranjoy calls for ECB to act as lender of last resort Portugal disbursed nearly EUR 3 bln loan tranche by IMF; total lending up to EUR 13.6 bln UK declines to contribute to EU's loans to the IMF S&P and Moody's both downgrade Spanish region of Valencia Japan may buy Chinese bonds: Nikkei PIG nations do not have to contribute to IMF loan: Greece Euro zone finance ministers agree to lend EUR 150 bln to IMF subject to parliamentary votes in some countries US equities fall; Bank of America falls below $5.00 Fitch says may cut ratings on European supranational banks (Council of Europe, European Investment Bank) AT&T ends bid for T-Mobile USA A pretty dull session with EUR/USD locked in a range either side of 1.3000. Falling stocks, downgrade worries and a worrisome outlook toward 2012 from ECB chief Draghi kept modest pressure on the euro in the later stages of the NY session. 1.2988/1.3045 was the range, We end at 1.30 on the bottom.