• Already off to a weak start Wednesday, the buck lost further ground after durables disappointed, keeping the dollar on its back foot. Durables unexpectedly sank 1.4% in February compared to forecasts of a 0.4% increase.  
  
  
• The lousy durables report offered evidence of how the strong dollar has hurt the manufacturing and export sectors of the economy. Forecasts for first quarter growth may get shaved as a result of today's disappointing data. 
  
  
• Downside risk for the dollar could be stemmed as markets are likely to assign more significance to data on jobs and inflation with the latter showing improvement on Tuesday.