European data were euro-negative, while the U.S. data certainly were dollar friendly and this has added some strength to the greenback side of this pair.

FORBES: Pound Optimism Swirling, Euro Still Struggles

Financial data engenders the same patterns of thought and behavior-negative news creates a decision, such as to sell a stock position.

FORBES: Making Sense of Financial Data

Following a day that saw negative US Durable Goods Order data and a less-than-optimistic Fed Beige Book report, the combination of euro strength, dollar weakness was no surprise.

FORBES: Loonie Locked In Tepid Tango With Greenback