Despite an initial helping hand from the better than expected data, equity markets turned south as investor sentiment teetered on the edge of fear and optimism. This sentiment also gave the greenback a leg up against major counterparts with the higher yielding counterparts continuing a downward trajectory. The Aussie dollar closed at fresh one month lows of 88.5 US cents as key dollar traded commodities continued to take a hit on the back of the latest burst of energy on the US currency. At the time of writing the Aussie has retreated further buying 88.25 US cents - we expect the direction of the Aussie to be governed by key economic data due for release which will see movements particularly sensitive given tomorrow's interest rate decision. Key data this morning includes the TD Securities/ Melbourne Institute monthly inflation report, ANZ job advertisements and the House Price Index.