FX Closing Comments

All quiet on the forex front today, as traders look forward to tomorrow's Fed announcement. Ben Bernanke's first performance after an FOMC meeting will naturally be the key event Tuesday, though few expect any major revelations. It is thought that his comments will be especially cautious, given the mixed being emitted by the U.S. economy. Expect his announcement to highlight the "data dependent" nature of any future moves and leave room for future policy adjustments.