The all conquering US dollar eased back late on yesterday after strengthening across the board on the previous days trading.
The Euro which was one of the main currencies to be hit by dollar strength and clawed back some of it's losses along with the Aussie and New Zealand dollar.
Currency markets were still volatile and some pairings such as GBP/ZAR and GBP/AUD saw some wild swings first one way then the other.
Stock markets to were very volatile and the US stocks had a late rally when the oil price traded below the $70 USD a barrel.
The gold price which has soared in recent months as traders have looked at it as a safe haven came lower in line with the oil price movement leveling out around the 800US support level.
It is pretty quiet on the data front today with only the Eurozone EU Trade Figures due. The US Housing Start Figures are due at 13:30 GMT and Michigan Sentiment figure due around 3.00 UK time.
