The US dollar held ground on Tuesday in spite of strong data from Europe and the UK.
The US dollar lost to sterling and the euro on Monday as the markets continue to seek alternative havens on unrest in Libya.
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The euro has fallen this morning on reports that EMU core inflation dropped -0.1% to 2.3% in January.
Sterling dropped on Friday as new estimates revealed the UK economy shrank more than believed in the last quarter of 2010.
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The British economy contracted more than previously thought in Q4 2010 according to data released this morning.
The euro has benefited from tensions in Libya in the last day as the markets seek a safe haven.
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