Markets continue to sell-off as uncertainty runs rife.

The EURUSD opened the day at $1.18063 and was steady early, climbing to highs of $1.18383 heading into late trading. It fell from those highs, hitting a low of $1.17915 in the final hour of the session. The negative sentiment on the euro has continued and it is now trading at $1.17798. The GBPUSD began the session at $1.30225 and slipped to lows of $1.30002 in the first hour of trade. It rebounded off those lows and started its slow march upwards, eventually hitting a high of $1.30789 late in the day. It has given up a large portion of those gains and is now trading at $1.30289.

The Dow looked steady for a large part of the day before giving up gains late in the piece. The index opened at 27,682.97 and traded in a tight range for most of the day, nudging up to a high of 27,817.65 mid-session. It remained near those highs for a few hours before the decline set in, closing at lows of 27,336.66. It is currently trading at that same level. The Dax followed the Dow’s lead when it opened at 12,198.63. An early high of 12,276.09 was met with a wave a negative sentiment as the German index failed to maintain any ground previously gained. The Dax ultimately closed at a low of 11,939.09 and is now trading at similar levels.

The day ahead sees focus turn to Australia and the release of CPI and Trimmed Mean CPI figures. Quarterly CPI is expected to grow by 1.5%, while the Trimmed Mean CPI is forecast to expand by 0.3%.

Other data published today includes:

Europe – German Import Prices, Credit Suisse Economic Expectations

Canada – BoC Overnight Rate, Rate Statement, Monetary Policy Report and Press Conference

US – Goods Trade Balance, Prelim Wholesale Inventories, Crude Oil Inventories, FOMC Member Robert Kaplan speaks

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