The dollar continues to trade soft versus most competitors on Thursday as investors’ focus remains on US fiscal cliff negotiations which are set to resume today and liquidity remains constrained due to the holiday season. However, disappointing US data and comments from US Senate majority leader Harry Reid saying going over the fiscal cliff "looks like where we're headed", helped the greenback to trim losses during the American session while pressuring stocks in Wall Street. “Expectations for the current round of budget talks have also been pared back, with initial hopes of a comprehensive agreement now seen as ... (full story)