Falling Dollars After The ECB Press Conference

The Dollar fell mildly against both the Pound and Euro today after comments from European Central Bank president implied that Euro rates will be rising, possibly soon. Although this "upside risk" had been expected well in advance of the meeting, the Dollar nudged down some after the ECB press conference. A poor performing Dow also put pressure on the greenback today, as a combination of inflation concerns and poor results from GM gripped the market. Tomorrow is non-farm payroll day, with the number expected to be near 240,000, which would be a very strong number relative to last month's 108,000.