After yesterday's FOMC minutes, the main theme of the day has been USD and JPY strength. The greenback benefited from expectations the Federal Reserve may stop providing monetary stimulus. Meanwhile, the euro was also weighed by renewed signs of a struggling economy after region's PMI came in softer than expected in February. Uncertainty ahead of an Italian general election on the weekend also kept investors away from buying the euro. Commodity currencies remain under pressure, while the Cable managed to rebound from a 2 ½-year low scored earlier.