FOREX: ECB Reserves Little Changed in Dec 1 Week

ECB reserves are little changed in the week ending Dec 1st with reserves at EUR152.4 bln. Gold reserves have declined by EUR120 mln over the week due to selling by two Eurosystem central banks. Gold reserves have declined for 106 out of the last 112 weeks. The ECB stated last week that it completed the sale of 23 tons of gold on Nov 30. EUR/USD currently trades at 1.3323.