FX Closing Comments

The Dollar was back and forth today, spending most of the day higher, before falling later in the day. The decent job's report supported the Dollar earlier this morning, but the gains gradually dissipated with the Dollar Index closing the day down 13 ticks. The holiday-shorted session may have contributed to the Dollar's late day softness, with traders not wanting to be "caught long" heading into what is only a U.S. bank holiday. Asian and European banks will be open on Monday. Markets are now gearing-up for more normal, post-summer, trade and keeping an eye on September's G7 and FOMC meetings. Enjoy the weekend!