Czech Republic Markit PMI dipped from previous 55.6 to 53.3 in December

USD continued to flaunt its strength in the first trading session of the New Year amidst thin trading in the Asian session. The euro bears were granted their wish for a lower euro with the EUR/USD pair tumbling towards downwards to trade just above the 2012 lows at 1.2042, helped by Draghi’s comments citing an increasing risk for the ECB to preserve price stability, currently down 0.44% at 1.2048. USD/JPY pair trades above the 120 handle at 120.43, up 0.49%.