The US dollar retreated against the majors in New York as traders locked in profits after the greenback staged a broad based rally against the majors.
The greenback lost some ground as lack of fresh dollar positive news and stronger economic data from Germany gave dollar bears a moment to consolidate. The dollar still managed to push the yen to three-month highs after a mixed batch of Japanese economic data was released during the Tokyo session.
The US dollar was quoted at 1.2760-63 against the euro, 1.8536-41 versus the British pound and 105.79-83 against the Japanese yen at 23:00 GMT.
Wall St stocks were marginally higher as less than stellar results from high profile corporations were partially offset by falling crude oil prices.
The Dow Jones Industrial Average rose 0.1 percent to 10,724.63. The Standard and Poor's 500 edged up fractionally to 1,202.34 and the NASDAQ Composite closed up 0.2 percent at 2,086.68.
Pfizer gained 2.6 percent to $25.55 after a stomach cancer drug showed success in clinical trials.
Taser International fell 11.3 percent to $15.22 after its quarterly earnings missed the expectations.
Semiconductors were in play today as Intel rose 2.2 percent to $23.41. LSI Logic, a rival chipmaker, rallied 4.8 percent to $6.37, while National Semiconductor edged up 4.1 percent to $18.72.
Cisco rose 0.4 percent to $18.24 ahead of its quarterly earnings announcement.
Ebay rose 3.9 percent to $78.53 after the company announced all cash offer for Rent.com, an on-line house and apartment rental service.
Nike, the footwear group, fell 2.6 percent to $83.95 on an analyst downgrade.
McDonalds, fell 1.1 percent to $32.42 despite better same store sales for the month of January.
Marriott International fell 1.1 percent to $65.74 after the company lowered its full year earnings.
The NYMEX crude oil futures contract for March delivery gained 12 cents to $45.40 per barrel as traders awaited weekly inventory releases.
COMEX gold futures contract for April delivery fell 30 cents to $414.00 an ounce.
US treasuries gained on expectations that pension fund reforms proposed by US President George W. Bush will increase the demand for long-term bonds maturing in 10 years and longer. The 10 Year US Treasury Note futures contract for March delivery gained 0.02 to 112.26.