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The dollar pares European morning losses.....>

DOLLAR
DOLLAR: The dollar pares European morning losses to sit flat at the NY
crossover. The DXY comfortably holds above the 96 level to flirt with the
100-dma at 96.19. A positive close would see bulls regain control targeting a
run at the Jan 24 high & 61.8% retracement of 97.71-95.02 at 96.57/69. USDJPY
improves to Y109.75/80 with topside focus on the Y110.00/20 area which has
previously registered a series of highs. Gold holds in the middle of its narrow
$4 range at $1313.30, while the US 10y grinds to 2.6950. 

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