EUR/USD edges to session high but dollar quickly recovers

The kneejerk reaction to the data was US dollar selling but it lasted only moments before the dollar steadied itself and then climbed.

USD/JPY is now trading at a session high 104.83 after touching 104.62 immediately after the report. EUR/USD it 1.0930 but has now slipped 15 pips.

The looming FOMC decision and US election have taken some of the volatility out of markets but cable is a spot to continue to watch. It climbed to a three day high of 1.2272 after today's GDP numbers but has slipped back to 1.2219.