the market has very much simmered down with the major currencies trading in narrow bands for the last hour or so as the market awaits US Initial Jobless claims data at 8.30 expected to be unchanged at 545,000, US existing home sales data for August expected to be at between 5.35 and 5.4 million from 5.24 million the previous month and comments from world leaders as they arrive in Pittsburgh for the start of the G20 summit later today.