SINGAPORE, Jan 2:- The euro edged lower against the dollar in Asia Today amid mounting speculation the European Central Bank will start buying sovereign bonds, analysts said.
The euro bought $1.2055 in afternoon Singapore trade -- near two-year lows -- from $1.2097 in New York on Wednesday before the New Year break.
The single currency meanwhile stood at 145.09 yen, up from 144.87 yen.
The dollar was at 120.42 yen compared to 119.76 yen in US trade and 119.66 in Asian trade on Wednesday.
Markets in mainland China, Japan, Taiwan, New Zealand, the Philippines and Thailand were closed Friday for holidays.
In an interview published Friday, ECB president Mario Draghi said the central bank's governing council was "unanimous" that the bank would intervene to prevent the 19-nation bloc from slipping into deflation.