This is a very big week in the US with data highlights non-farm payrolls and personal consumption expenditures taking back seat to Thursday's Federal Reserve interest rate call.
After last week's controversy over the US "strong dollar" policy, the US currency will be in focus again and dollar bulls will be looking at all the following evidence, hoping something can finally lift the greenback after a year of heavy losses left the currency at three-year lows last week.
Federal Reserve interest rate call
Following December's quarter-point rate hike - the fourth since December 2016 - which took the main Fed funds rate to 1.5%, few are expecting the US central bank to make another move at Wednesday's open market committee (FOMC) meeting.
This is Janet Yellen's last FOMC meeting in the chair as new Fed chief Jerome Powell takes over in February and most analysts are expecting the press conference to smooth the way for Powell.
"No-one is expecting any policy change given the Fed only hiked rates in December," says James Knightley at ING.
"Also, with Jay Powell taking over at the Fed in February there will be a rather anodyne press release to give him as much flexibility as possible."
However, most still expect three further rate increases from the Fed this year. The impact on the dollar will depend much on how the Fed communicates its intentions and its outlook on inflation.
US personal consumption expenditures (PCE)
This is the measure of inflation used by the Fed as it not only takes into account rising prices but also consumer spending power.
Analysts expect the core personal consumption expenditure index to have risen to 1.6% in December from 1.5% in November - still some way short of the Fed's 2% target rate.
Signs that the US economy is beginning to reinflate will make the Fed's decision easier when it comes to its next rate increase, and anything that fails to match expectations when the PCE data is published on Monday will likely see the dollar skid lower.
US non-farm payrolls
Any other week this would be the stand-out data point, but it certainly remains a hotly-anticipated number on Friday - particularly in the context of last week's weaker than expected fourth-quarter US growth figures.
Analysts expect around 175,000 new jobs to have been created in January - up from December's rather disappointing 148,000, while the unemployment rate is expected to remain at an 18-year low of 4.1%.
Wage growth, which is arguably more important than the rate of jobs growth given the likely impact on inflation, is expected to rise to an annual rate of 2.6% from 2.5%.
"Firms are likely to continue to offer more generous pay packets in a bid to hire, and retain staff. This is another reason why we expect the Fed to follow through with three hikes this year," adds Knightley at ING.
Eurozone fourth-quarter growth and inflation
The eurozone appears to be caught in a cycle of positive data that keeps reinforcing appreciation of the single currency, and Tuesday's gross domestic product data is expected to show another strong quarter for the eurozone.
Analysts expect the 19-nation bloc's economy to have grown 0.6% quarter-on-quarter in the October-December period, to give an annualised rate of 2.6%, down slightly from 2.8% in the third quarter.
Inflation has been the sticking point in the European Central Bank's decision to hold off from monetary tightening and the strong euro/weak dollar has discouraged inflation through imported raw materials and goods.
The growth data should encourage euro bulls, while the inflation data on Wednesday are forecast to remain subdued and should rule out any early policy moves from the ECB.
The best of the rest
It is a big week for purchasing manager data with January data on manufacturing activity from Japan, China, France, Germany, eurozone, UK and the US on Thursday. Service sector data from China is published on Wednesday.
In the UK, further news on the consumer situation as high inflation and low wage growth continue to squeeze household spending. Wednesday sees consumer confidence data for January, while the British Retail Consortium's shop price index is out on the same day.
The big week for data is underlined by corporate updates in the US from most of the tech giants: Facebook, eBay, Microsoft, PayPal and Qualcomm on Wednesday and Alphabet (Google), Amazon and Apple on Thursday.
McDonald's and Pfizer report on Tuesday and ConocoPhillips and Time Warner also line up on Thursday.
Banking holds fort in the UK, with HBoS and Lloyds Banking Group on Tuesday and Barclays and Santander UK on Wednesday.
Unilever and London Stock Exchange report on Thursday and Friday respectively.