FX Closing Comments

The Dollar perked-up today in light of sinking crude and Gold prices. Although the day's data was on the soft side, Conference Board Leading indicators down .1%, the Dollar managed some notable gains against the other majors. The Pound was the big loser on the day, as retail sales figures were especially soft for July. The Aussie Dollar also fell in response to the big slide in Gold. Only one other piece of U.S. data is on the calendar for this week, with the preliminary Michigan sentiment survey expected at 86. A fairly normal economic calendar is in store for next week.