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

FXStreet.com (Barcelona)

Jan 2, 2015

Market Movers: USD continues to flaunt strength, EUR sees new lows

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%.

SEB: Sellers retain the upper hand in euro trade – eFXnews

The eFXnews Team notes SEB believes that sellers retain the upper hand in the euro trade, and suggests to restart selling once the intraday stretch for the EUR/USD pair is gone.