Movements in markets remained within narrow ranges with some volatility as investors are away celebrating with the new year, thereby causing low volume in markets.

The slipped against a basket of major currencies as depicted by the dollar index which slumped to a low of 79.56 from the day's opening at 79.96.

The greenback is facing some downside pressure ahead of the Fed's pumping of $600 billion in 2011 and before the release of jobless claims data today.

Some optimism came in markets causing global stocks to rise to the highest level since September 2008 after upbeat manufacturing Chinese report which increased hopes China will lead recovery in the new year.

Concerning the euro-dollar pair, it is currently showing a slight incline on the daily charts as a daily closing above 1.3120 paved the way for the pair to advance for the second day.

So far, the pair has recorded a high of 1.3265 and a low of 1.3214, while the trading range for today is among the key support at 1.3000 and the key resistance at 1.3460.

Moving to the royal pair, it slipped on the daily basis to pare some of yesterday's gain.

Meanwhile, the pair is traded at 1.5432 after recording a high of 1.5534 and a low of 1.5408, whereas the trading range for today is among the key support at 1.52315 and the key resistance at 1.5660.

With regard to the dollar-yen pair, it continued its downside direction to drop to 81.53 compared with the day's opening at 81.61, while the pair has recorded a high of 81.67 and a low of 81.27.

The trading range for today is among the key support at 80.35 and the key resistance at 83.70.