Strong Dollar Againist the Euro

The Dollar was strong all day, especially against the Euro. The optimism is the result of elevated rate expectations in the U.S. and a higher service sector PMI report, which bettered the previous month's figure (Jan 54.8 vs. Dec 54.2). Tomorrow may also see some moves with an ECB meeting scheduled. Although rates are not expected to move, many suspect the bank will give hints about an upward move in March.