Aint no cure as summertime blues continue for US Dollar

The US dollar continued its poor run.Indeed the US Dollar index posted its 9th straight weekly decline to a low just above the physiological 80 level.
All in all though there was nothing too exciting for the forex markets to get its teeth into. Equity markets which benefited from positive data early in the week shrugged off Fridays Non Farm payroll figures which were worse than expected at -131 thousand and also saw last months revised to -221 from 125 thousand.
The Euro also benefited from ECB comments pointing to better than expected growth levels in the Euro zone which added to the anti dollar sentiment.
Difficult to get too excited about some volatility next week and if equity markets continue to edge higher then the dollar may continue to suffer.However, I continue to believe that out there somewhere lives another Euro bogey man waiting to give the markets some jitters. Maybe when the Greeks add up the summer takings it kicks off again.