FX Closing Comments

The Dollar stayed under pressure today in choppy trade. The data, however, was mixed with the Philly Fed survey up to 14.4, while the ISM Leading indicators report was softer than expected. Jobless claims spiked higher to 361k. All old the Dollar index was down 30 points on the day. There is no additional U.S. data on the calendar for the week, though a number of European reports remain. There seems to be a high degree of uncertainty and volatility in FX markets, which may continue through the month until the Fed next meets.