FX Closing Comments

FX pairs were slightly more active than Monday, but just by a hair. Minneapolis Fed president Gary Stern added his name to the list of Fed governors who retain a hawkish bias. He is, however, a non-voting member of the FOMC. There is a fair amount of data on the UK and European calendar tomorrow, along with U.S. trade figures, which may make for more active trade. Rates expectations and oil prices continue to weigh on the market, though many pairs remain stuck in recent ranges.