We trade our fingertips off for two, three hours this morning and just as suddenly—it all goes quiet. I guess we can be thankful that the action lasted into early afternoon instead of winding down at the stroke of 5 pm in London as it so often has of late.
Quiet consolidations abound but the dollar remains on a weak footing as QE fears, talk of a Swiss National Bank hike and the retention of a hands-off Japanese PM all undermine the once mighty greenback.