The U.S. dollar was mostly softer vs. the majors, reversing its gains from Turnaround Tuesday after trading as low as 1.3384 during Asian trading. Dollar losses mounted after weaker-than-expected ADP jobs and Chicago PMI reports, but EUR/USD was again unable to breach resistance around 1.3540.Yen was softer across the board and underperformed the buck, so dollar/yen rose to its highest since Jan. 8. Biggest gainers on the day vs. USD were HUF, ZAR, CHF, PLN and CZK, while the biggest losers vs. USD were JPY, AUD, ARS, KRW and IDR. EM currencies were largely firmer, with EMEA leading the gains. MXN was helped by news that a large U.S. bank would include Mexico in its government bond index. RUB firmed vs. USD, despite a second suicide bombing, helped by higher oil and commodity prices. Poland central bank left rates steady at 3.5%, as expected. U.S. equity markets were lower, with Dow Jones, S&P 500 and Nasdaq down 0.5%, 0.3%, and 0.5%, respectively. European markets were lower too, as DJ Euro Stoxx 50 ended down 0.3%. Asian equities are likely to open down today as Asian ADRs were lower during N. American trading Wednesday. Nikkei futures point to a flat open for Japan, but the softer yen should help Japan exporters. The U.S. bond market was higher, as 2- and 10-year yields fell 4 bps and 3 bps, respectively. European bonds were mostly higher, as 10-year yields in U.K., France and Germany were down 6 bps, 2 bps and 2 bps, respectively. Greek 10-year yields rose 9 bps as optimism ebbed after weak bond sales this week, while 10-year Portugal yields fell 5 bps, Italy fell 2 bps and Spain was flat.