Today, traders will want to watch out for a number of key economic indicators that are likely to impact Dollar pairs. At 12:30 GMT the monthly Trade Balance report, as well as the weekly Unemployment Claims figure are set to be released. Both pieces of news are considered fairly important and tend to generate a substantial amount of market volatility.
Analysts are predicting a slight decrease in the Trade Balance figure, as well as a slight increase in the number of people seeking unemployment insurance this week. While both of these reports may be bad for the U.S. economy, the Dollar may see a slight boost against its main counterparts today, should investors fear the pace of the global economic recovery and turn to the safe haven USD.