USD found support in trading yesterday from weaker stocks and bullish comments from a US policymaker

The single currency fell sharply against the dollar, losing well over a cent as investors retreated from risk activity on lower equities.

• The dollar held the line on gains against major counterparts, getting a boost as investors turned to safe-haven assets as stocks on Wall Street appeared unable to pass through key resistance levels.
  
• The dollar advance was also bolstered by a report showing initial US weekly jobless claims were lower than expected.
  
• US initial jobless claims decreased to 502,000 in the week ended Nov. 7, from a revised 514,000 in the previous week, the Labor Department reported.
  
• One analyst also cited the dollar's strength as a result of the position-driven market. People went short on the dollar on Wednesday, and after stops losses were triggered around 1.50, traders bought it back after.
  
• In addition, the dollar was supported after US Treasury Secretary Timothy Geithner said the government's borrowing needs in the future would be substantially less than expected.