With only an hour left of active trade in the US session, risk appetite looking to make it a strong finish. This advance was paced by the equities market which saw the Dow up 3.3 percent to 6,950 and S&P 500 3.4 percent higher at 720.31. This is a significant rebound from the 12 year lows forged over the previous few sessions; but it does not yet confirm a true reversal. The same sentiment is reflected in the US dollar - the market's current, stand-in safe haven. After hitting a new three-year high this morning, the dollar index has pulled back over a 100 points (and testing new lows recently). Amongst the majors, the greenback's weakness has sabotaged significant developments. EURUSD tested a three-month low below 1.25 before reversing, GBPUSD has failed to gain traction for a run on 1.40, USDCAD has dropped over 200 points from a prominent test of 1.40, and AUDUSD has reversed course from a frequented rising trendline.
