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Euro struggles after ECB tender; more pressure eyed

From reuters.com

* Euro within sight of 2011's low against USD * Traders turn to hurdles awaiting it in 2012 * Euro just off all-time lows vs Aussie * USD still dormant on yen; DXY above weekly cloud * AUD edges down, supported by 21-day moving average - The euro languished near an 11-month low against the dollar on Thursday, struggling to make much headway after the European Central Bank's tender brought little respite to funding markets and nudged traders to snap up gains. The ECB's first ever limit-free, ultra-cheap loans did little to lower the cost for banks to borrow dollars and it was unclear whether the 523 banks that tapped ... (full story)

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