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Decent economic news from Germany and the Eurozone gave added support to the single currency. The US dollar was down against the British pound and the euro, but trading higher on the yen.

The dollar corrected higher against the British pound today – as the greenback pulled back losses suffered at the tail end of last week.

The dollar gained today after unemployment figures showed a fall in the expected number of new claims. The data helped to confirm that the US labor market remains in good standing.

After a strong start EUR/USD broke upwards to 1.1083 but was unable to sustain the momentum. A mixed set of data from the Eurozone and uncertainty hanging over approval of a bailout deal in the Greek parliament was enough to turn fragile sentiment bearish.