FX Closing Comments

Friday witnessed the 2nd day of Dollar losses, as traders continued sense a "dovish" tone hidden between the words of yesterday's Fed announcement. Looking ahead, Monday is likely to be a tempered session, as it is between a popular holiday weekend and the actual holiday on Tuesday. The ECB will be meeting next Thursday, though no change is likely, and the June non-farm payroll number will be released on Friday. The head-line number is expected to show 125,000 new jobs.