Plenty of data around today, with attention once again turning to the US.

The USD strengthened overnight, sending paired currencies down. The EUR/USD opened at $1.16454 and slowly climbed to a high of $1.16717. At that point, it began its slow move downward as the dollar dictated terms. The pair fell to lows of $1.15384 in late trading. It has come off those lows slightly, trading at $1.15573. The GBP/USD followed the same pattern after opening at $1.32218. The pair peaked at $1.32330 and then tumbled to lows of $1.31049 late. It is currently trading at $1.31175.

The Dow endured a roller coaster session. The Dow opened at 24,299.51, it fell to a low of 24,092.65 in mid-session trading. It then rallied over the next few hours to highs of 24,580.38. The Dow then reversed just about all of those gains as it fell to 24,122.06 late in the session. It is now at 24,180.00 in early morning trading. The Dax put in a strong performance in the face of a falling Dow, as it was aided by a falling euro. It opened at 12,272.36 and fell to lows of 12,122.90 a short time later. However, as the euro started to slide, the Dax started to gain upward momentum until it peaked at 12,440.90. The Dax came off those highs, closing at 12,279.20.

The day ahead sees attention turn to the US as it releases its Final GDP figure. As the key indicator of a growing economy, all eyes will be focussed on this announcement. As such, this could cause some volatility. Other announcements today include:

NZ – Building Consents

UK – GfK Consumer Confidence, MPC Member Andy Haldane speaks

Japan – Tokyo Core CPI, Unemployment Rate, Prelim Industrial Production

US – Unemployment Claims, Final GDP Price Index, Natural Gas Storage, FOMC Member Raphael Bostic speaks

Europe – EU Economic Summit, ECB Economic Bulletin, German GfK Consumer Climate, German & Italian Prelim CPIs, Spanish Flash CPI

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