FX Closing Comments

The Dollar ended the day mixed, as the market mulled over the Fed's current posture on rates, in light of more hawkish clarification from Ben Bernanke yesterday. Purchasing manager indexes were reported firm across Europe early in the session, though U.S. data has also been robust in recent weeks. The Dollar continues to be weighted down by trade deficit woes and international tensions. U.S. factory order data is due tomorrow (expected at 3.4% for March) and the ISM service-sector index is also due on Wednesday and expected at 60.