US equities are recovering the modest amount of ground lost earlier in the session and commodities are back in the black. Gold is consolidating around the $1347 level after brushing $1350 earlier in the day. US yields continue to slide, particularly the 2-year not which trades at 0.385%. 10s are at 2.39%

EUR/USD is at session highs and AUD is trying to build a base above 0.9750, now at 0.9755. We traded up to 0.9780 earlier.