FX: USD is hovering just above a five-month low after its technical breakdown a few sessions ago. Trading was thin with several markets including the UK, Australia, Hong Kong and Germany on holiday. Today’s second-tier US data added to the favourable narrative for risky assets. Friday’s low on the DXY is 101.42. EUR moved beyond its recent multi-month top at 1.1040. The soft dollar helped the world’s most popular currency pair. US prices (core PCE deflator) fell in November for the first time more than three and a half years last week. The single currency is on track for over a 3% gain this year. GBP edged higher in ... (full story)