USD: Stocks proving to be soft into the NY close, down around 0.5%, but notable that the dollar was reluctant to show any perkiness as would normally be expected. Fiscal cliff seems to be giving it more of a headache.
EUR: Holding steady overnight. Eurozone finance ministers meet today and Greek bond buy-back continues, the success of which is key to ensuring Greece gets its next aid tranche.
JPY: Relatively steady overnight, but still a modest downward bias on USD/JPY owing to the extent of short JPY positions which some are deciding to cover; the upward momentum has waned.
AUD: The RBA cut rates by 0.25% to 3.00% as broadly expected. The Aussie was slightly firmer on the news, reflecting some hopes of bigger cut. Around half of initial bounce unwound.
GBP: BRC retail sales data showed 0.4% YoY on line for like retail sales. Up from -0.1% Oct number, but weaker than expected. Eyes firmly on level of Christmas demand this month.
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