The dollar is reaching an almost two years high while the euro continues to drop due to the worsening debt crisis in Europe.

Placements of debt of Spain and Italy, the two main objects of concerns for the old continent are again approaching record highs leading to default rates of Greece.

So far the IMF or the European Central Bank have not responded, so two entities are still full of good intentions though unable to make any decision. Perhaps the ability to react to the Fed in due time could solve the current problem in the countries mentioned above.
The euro lost more positions on all fronts due to this crisis. Against the pound sterling it has just reached its lowest since November 2008, even though the latter also has given nearly 500 points against the dollar in recent weeks.

Moreover, the strong yen sought after as a refuge to the poor performance of the euro and other currencies, is considered risky and makes the crossing EUR / JPY back to look at historic lows, the last of which struck on 16 January at 97.05. The current price of this junction is 98.40.
European stocks turn down operations in Tuesday's session, with losses averaging 0.7%, and no doubt reflect the pessimistic climate that plagues Europe. The creation of the so-called Eurobond which practically means economic issues puts off the outrages of Southern governments among all member countries of the eurozone. The only solution appears to be fairly feasible in the block rather than ideological divisions, namely a branch cultural work culture on the one hand, and the state of living on another. The latter, common in other parts of South America, but new to Europe, has created the current problem.

Facing the American session, the Dow Jones index futures have taken a marked downtrend on 4 hours charts. Few of them could give continuity to the sale of European currencies which presently is not expected to have a turnaround in the nearest future.
As to the daily data on the pending home sales in the U.S. was released at 10:00 Eastern looming as the only major report.

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