The usual suspects are rallying after the upbeat US durable goods orders data. EUR/USD trades at 1.4465 versus 1.4430 a half-hour ago and AUD/USD is at 1.0505 from 1.0490 before the number.

S&P futures are 10 points higher, to boot.

The data suggests continued short-covering in the equities markets and modest risk-appetite improvement.