Early in the European session dollar lost some ground against major rivals, as German Chancellor Merkel state that Germany will announce plans to aid Eastern Europe. But during the American session, stocks close negative for the fourth consecutive day, diluting most of dollar earlier losses.
A Federal Reserve gauge of manufacturing in the Philadelphia region shrank at the fastest pace in more than 18 years. Unemployment claims rose to 627K, significantly increasing for the past year totaling 2 million in just the last four months. President Obama's stimulus plan includes aims at creating or least saving 3.5 million jobs. Finally, PPI rose more than expected lead by an increase in energy goods.
Currencies attempt to change dollar bullish bias failed, as key breakout levels remain intact. Euro quotes under 1.2680, while Gbp remains under 1.4300. Against Japanese Yen dollar surged to an eight weeks high at 94.45, still well bided to continue.