A swathe of data set for publication today as we round out the week.

The USD weakened overnight, sending paired currencies higher. The EUR/USD opened at $1.13436 and declined slipped to a low of $1.13349 a short time later. The pair rallied from that point, climbing to a high of $1.14084 mid-to-late session. The pair came off those highs and is currently trading at $1.13722. The pound followed a similar path to the euro after opening at $1.26937. The GBP/USD fell to a low of $1.26841 early before taking off, rallying to a high of $1.27538 mid-session. It pulled back from those highs quite quickly, falling to $1.26925 but then bouncing back to its current level of $1.27093.

The Dow returned to form overnight, boosted by the news that the US & China will resume trade talks, which may possibly delay or stop planned tariffs from being implemented. The Dow opened at 25,189.24 and hit a low of 25,144.18 fairly early. From that point however, the Dow climbed for the rest of the session, save a few temporary breathers in between. The index peaked at 25,608.97 late in the session and in early trading this morning it is trading at 25,583.30. The Dax remained rather flat, recovering from the terrible showing from the day before. The German index opened at 12,234.64 and fell to lows of 12,168.10 shortly afterwards. It traded in a tight range until it climbed to a high of 12,273.10 late in the session. It was unable to hold onto those highs however, closing at 12,219.60.

The day ahead sees the release of plenty of market data, where our attention turns to Europe. They are publishing significant CPI & Core CPI figures later today which could affect the Dax and EUR-paired currencies. Other data set for release today includes:

Europe – Current Account

Australia – RBA Assistant Governor Luci Ellis speaks

US – Prelim UoM Consumer Sentiment & Inflation Expectations, CB Leading Index

Canada – CPI, Common, Core, Trimmed and Median CPIs, Foreign Security Purchases

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