NEW YORK ( BBH FX Strategy) -- The dollar maintained its stronger tone after Wednesday's streak of better-than-expected data and upward revisions to Friday's jobs data, with the exception of the Canadian dollar, the New Zealand dollar and the yen. At the same time, the euro fell to the lowest level in a week as signs of improvement in the U.S. economy build momentum, but option-related buying should keep the euro near $1.3125. The pound consolidated recent gains after a weak service PMI print forced the pound-dollar pair from 1.5564 to session lows. Meanwhile, the euro/Swiss franc was little changed around 1.2700, but the Swiss franc weakened vs. the dollar after a benign Swiss CPI release. Despite the slowdown in inflation numbers, the Swiss franc should remain well bid vs. the euro as Europe's sovereign debt issues keep the euro under pressure. Elsewhere, the Australian dollar continued to struggle amid concerns over the growth outlook following the Queensland flood, while a drop in November building approvals exacerbated losses. Global equity markets were higher after broad gains on Wall Street. In Asia, with the regional benchmark index advancing for the eighth day in nine, the MSCI Asia index rose 0.6%. Japan's shares are up again (hitting an eight-month high) following yesterday's ADP report, which weakened the yen and contributed to a 1.4% gain. Chinese shares, however, were lower. At the same time, European bourses advanced with the benchmark Euro Stoxx 600 up 0.8%, reaching a fresh two-year high. Likewise, U.K. and German stocks advanced, with the DAX up 1.1% led by gains in materials after German manufacturing orders jumped 5.2%. U.S. equity futures pointed to a positive open, up 0.3%. Global bond markets are mostly weaker as the economic data have been mostly positive and equities surge. Eurozone spreads widened again, despite a reported commitment from China to buy 6 billion euros of Spanish debt. Ten-year Portuguese yields are up 10 basis points followed by a 6-basis-point increase in 10-year Italian, Spanish and Belgium debt. In addition, France sold 4.48 billion euros of 2020 bonds with a coupon of 2.5% at an average yield of 3.36%. Meanwhile, German 10-year bonds erased a decline to leave the yield little changed at 2.940%, while the U.S. Treasuries are up, with the yield on the 2-year down 2 basis points and the 10-year down 3 basis points. Elsewhere, Moody's raised the Philippine's rating outlook to positive from stable while Brazil will impose a tax on bank's short positions on dollars in a bid to curb speculative trade. In addition, it will raise reserve requirements on bank's foreign exchange positions to 60% of foreign exchange sold positions and banks have 90 days to adhere to the rule.