The high-yielding currencies witnessed a correction movement against the dollar and the yen after retreating significantly during yesterday's session. The dollar index managed to record a low of 76.08 and a high of 76.32, and now is trading around the 76.17 levels. Today the US economy will release the EIA Crude Oil Inventories report as well as the wholesale inventories for the month of October that might improve slightly from the previous month, which could affect the dollar movement during today.

The euro against the dollar rose during the Asian session reaching the highest of 1.4735, while the lowest was at 1.4682. The pair is now trading at the levels 1.4708, within 1.4680 and1.4720. The German economy will release today its CPI index as well as the current account and trade balance readings which might indicate that the surplus will remain at the level seen the previous month, and this could support euro even more during today's trading session. The hourly momentum indicators show the pair might bounce back since it's trading in overbought areas. The pair today might trade within the 1.4805 levels if it breaches the 1.4760, and might trade within the 1.4560 levels if it breaches the 1.4620 levels.

The pound also rose during the Asian session reaching the highest of 1.6276, while the lowest was at 1.6232. The pair is now trading at the levels1.6237, between1.6200 and 1.6260. The British economy will release today its trade balance that might indicate a decline in the deficits and this could support sterling even more during today's trading session. The hourly momentum indicators show the pair might bounce back since it's trading in overbought areas. Also the daily and the four hours momentum indicators show the pair is trading in an overbought area. The pair today might trade within the 1.6380 levels if it breaches the 1.6330 level, and might trade within the 1.6110 if it breaches the 1.6140.

The dollar against the yen traded in a narrow range and slightly to the downside after the release of the third quarter final reading GDP which showed slower growth in the second-largest economy in the world. The pair recorded a low of 88.28 and a high of 88.68 and now is trading at the 88.29 levels, between 88.20 and 88.80 levels. The Japanese economy will release today the machinery orders which might fall, and this could affect the pair movement during today's trading session. The hourly and the four hours momentum indicators show the pair is trading in an oversold area, while the daily indicators show the continuation of the bouncing from the overbought area. The pair today might trade within the 87.10 levels if it breaches the 87.50 level, and might trade within the 89.65 if it breaches the 89.20.