FX Closing Comments

Today's soft consumer price data put the Dollar under pressure again, as the likelihood of additional rate support has fallen further. The Dollar index was down 28 ticks with the losses in the spot market fairly evenly disbursed among the other majors. Tomorrow in the UK, their influential retails sales figures will be released, which may have an effect on Sterling pairs, should the monthly figure be significantly off from the .3%. There are also a few pieces of secondary data due in the U.S. It may be a slower day in FX, as we continue to see a lot of range trading during this traditional holiday season.