US Dollar tumbles to over 3-month lows, below mid-92.00s

   •  USD facing headwinds from a drop in the US bond yields.
   •  Second-tier US economic data eyed for some immediate respite.

The greenback, as measured by the key US Dollar Index, was on defensive through the Asian session on Thursday and languished near 3-month lows, just below mid-92.00s.

With the passage of a long-awaited US tax reform bill failing to impress the bulls, Wednesday's weaker than expected US consumer confidence index triggered a sharp retracement in the US Treasury bond yields and added to the greenback woes 

Meanwhile, portfolio rebalancing ahead of the year-end might have also contributed towards accelerating the buck's recent downward trajectory amid pre-holiday thin trading conditions. 

Against the backdrop of stubbornly low inflationary pressure, scepticism over aggressive Fed monetary policy tightening also did little to lend any support and stall the downslide to its lowest level late September. 

Later during the early NA session, traders would now take cues from today's second-tier economic data of out of the US, which includes the initial weekly jobless claims, November's goods trade balance data and Chicago PMI for December.