FX Closing Comments

After slipping in the European session, the Dollar regained its Euro losses throughout the day. The Pound, however, managed to maintain its gains. Lower weekly jobless claims may have helped the greenback slightly, though maybe traders may simply have felt that Euro bulls had over reacted in response to the very strong German IFO survey.

The last piece of data on the U.S. calendar is the durable goods report for January, which is expected to have risen .5%.