FX Closing Comments

FX pairs were largely unchanged today, though the Dollar was under some pressure throughout the U.S. session. The September Dollar Index closed down 10 ticks. The British Pound was the biggest gainer on the day, as consensus continued to form around a potential rate hike later in the year. U.S. data is thin this week, as traders look forward to Friday's NFP (non-farm payroll). Overnight, European purchasing manager indexes are due, while a host of 2nd-tier data will be unveiled in the morning (construction spending, car sales).