TheFXSpot: FX Takes A Breather; Eye On ADP, ECB/BOE Mtgs

NEW YORK, Aug 4 (MNI) - The currency market took a needed breather Tuesday, with market players attempting to recover from the fast-paced trading session seen the day before, which saw the greenback fall to new 2009 lows against the euro and other currencies.
In the currency market, the greenback edged modestly higher as short dollar positions were pared ahead of three-days fraught with event risk.
Yen carry and emerging market long positions were scaled back.