FX Closing Comments

The Dollar was firm today and up against the other majors. The September Dollar Index was up 41 ticks on the day, largely as the result of a resurgent stock market. There was no significant data behind the move. Tuesday will bring us existing home sales data (est. 6600k for June). Tomorrow will also bring the Conference Boards consumer confidence figures for July, which are forecast at 102. Markets are expecting a moderate slide in the housing number, so expect some volatility if things turn-out to be especially poor, or if there is improvement in the numbers.