• USD continues to lose ground against all other majors. Cable closing in on important technical resistance at 1.6655 and EUR/USD, AUD/USD steady at session highs.
• JPY loses ground on the crosses but strong offers at 96.30 and decent sized selling at the fix send USD/JPY back to 96.00
• Regional equity markets gain well over 1%
• Oil prices continue to surge, now at 8 month highs
• China to stop stockpiling commodities; refuses to accept iron ore deal with Australian producers