The Summer Lull Continued In The FX Pairs Yesterday

The summer lull continued in the FX pairs yesterday, though the week's remaining data has the potential to shake things up. Today, analysts will get a chance to preview the minutes to the last Fed meeting, which likely will reveal that the decision to pause was a difficult one. Thus far, however, it seems not to have backfired. Since their last meeting, the new data has supported their overall theory that housing will continue to slide, contributing to a consumer-led slowdown and putting downward pressure on inflation. Read More....