The USD (US dollar) continued to receive more bad news today as the ISM Manufacturing Index and Prices both came in lower than expected.  The EUR/USD jumped quickly to 1.28 before settling down later in the day to the 1.2760 range, retracing all of the quick run-up.  Non farm payroll data is set to be released in two days and this may account for some of the hesitancy for dollar bears to continue.

 Look for the dollar to continue to range until we get to Friday's NFP release.