The greenback gained on the session in light of a record trade deficit for the month of January and a higher than expected initial jobless claims report.
Euro data lent little to reverse the overall decline in the overnight as inflationary suggestions from the world's largest economy trumped better than expected data from the European region.
Dollar initiatives were revitalized during the session as Japanese data and statements by the Prime Minister Koizumi were used as reasons to begin profit taking on last week’s move.
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