The US dollar was strongly bearish against all its counterparts on Wednesday. On the economic data front, the MBA mortgage applications index fell 2.6% in week ended Jan. 29 after rising 8.8% in prior week. The ADP national employment in the US shows 205K new workers in January (from 267K workers in December) as the labor market continued to power past a growth slowdown and financial-market volatility. In other news, the US PMI activity fell to 53.2 in January, down from 53.7 in December. Finall…