FX Closing Comments

The FX Trading platform seemed to handle the NFP without much trouble. There were only a few isolated complaints about the dealing desk. FX Trek charts were back on-line.

The Dollar faired poorly today, as today's slack payroll number decreased the odds of a Fed rise. The Dollar Index was down 42 ticks on the day. The losses were spread widely, with only the Canadian Dollar losing ground. The real FX story this week was the British Pound, which passed the key 1.90 level against the Dollar. Some analysts are now predicting a 2:1 ratio by the end of the year.