(Action Economics) - 10-Jan-12 18:09 - FX trade was again lack luster in N.Y. on Tuesday, though the dollar largely stayed down from its best levels.

Risk appetite returned, if only half-heartedly, as better Chinese and European data helped sentiment to a degree.

Wall Street bounced sharply at the open, though ultimately gave back a good portion of its gains, which provided some support to the greenback in afternoon trade.

Continuing eurozone crisis concerns limited the scope of the euro's gains, as EUR-USD ran out of steam just over 1.2815.

There was nothing but November wholesale data on the U.S. calendar, which had no impact on prices.

ON Wednesday's calendar, there is nothing but weekly EIA petroleum inventory data, and the Beige Book for the January 24-25 FOMC meeting.

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