As the USD continues to struggle, EUR, GBP,...>

FOREX: As the USD continues to struggle, EUR, GBP, AUD and NZD all sit near or

at their respective European morning highs. Ahead of the NY open markets look to

St. Louis Federal Reserve Bank President James Bullard who will present on the

U.S. Economy and Monetary Policy at the 34th Annual NABE Economic Policy

Conference in Washington, with audience Q&A at 1300GMT. New Home Sales follow at

1500GMT, expectations are for sales to accelerate to a 647,000 annual rate in

January following a reversal in December. Unadjusted sales were still up 10.3%

from a year earlier. Home supply was modestly higher in December, so the months

supply rebounded to 5.7 months from 4.9 months in November. Even so, there

should be adequate homes available for sale when demand returns.