It’s risk on again after the announcement from the Dubai government that they will authorise an immediate payment of $4.1 billion to Sukuk. In addition, the government of Abu Dhabi look to have set $10 billion aside to aid with debt restructuring and also the UAE central bank has promised to lend support. Cooperation all around. EUR/USD has rallied through short term resistance at 1.4670, cable has roared back making up 100 pips in very quick time and AUD/USD has jumped 50 pips, back to its opening level.