FX Closing Comments

Most markets, including FX, were a bit dull today. The U.S. data was mixed: Conference Board's leading indicators were up .1 after last months -.6 reading, while the Philly Fed survey fell to 6 from June's 13 reading. The minutes to the last Fed meeting were also released and documented "significant uncertainty" about future policy, with one member indicating that last month's rate increase was "a close call." This week has given the market plenty to chew on and there seems to be a high degree of uncertainty hanging over the markets. Baring any major developments, the week may end on a quiet note, as investors step-back and reevaluate conditions over the weekend.