FX Closing Comments

The Dollar was mildly strong today, making small gains against other major currencies. With the absence of any U.S. data, traders were mulling over the large dip in the eurozone's trade balance and industrial orders. Tomorrow will bring us weekly jobless claims and existing home sales data for February. The jobless claims figure may be looked at more closely this week, as it has been rising in recent weeks, which may become worrisome if the trend continues. Existing home sales are expected at 6,430,000 thru February on an annual basis.