Published by Jamie JemmesonIn the US trading session later today (November 24th), foreign exchange traders will react to a slew of official economic data for the world's largest economy.Beginning with gross domestic figures and the latest purchases price index in the early afternoon, Tuesday's trading may push the dollar lower, if forecasts for the latest figures hold true.Currencyrate.com notes that annualised gross domestic product figures are expected to contract 50 basis points to three per cent, while consumer confidence data has been forecast to post further declines.However, the month-on-month house price index may provide a reprieve for the dollar as a growth is expected when the figures are released around the mid-point of the US trading session.Looking ahead to the Wednesday, the latest petroleum inventories report from the Energy Information Administration will be closely watched for signs of a recovery in demand for crude, distillates, gasoline and propane in the US.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site