The greenback is making a modest recovery in the wake of upbeat jobless claims data which has bulls hoping for continued momentum in the US economic recovery when 2010 gets underway.
US bond yields are firm, especially at the short-end of the curve. 2-year notes are up to 1.18% from 0.68% just a month ago. In a nutshell, there is your justification for a stronger dollar.
EUR/USD dipped as low as 1.4360 a few moments ago while USD/JPY is hovering just below trend highs at 92.77.