No US markets today, due to the Martin Luther King holiday. FX largely in consolidative mode, only after the oil related currencies were hit once again as WTI traded down into the $28.0’s, Brent $27.0’s.
USD/CAD was ramped up to 1.4650, but had traded back to a little shy of 1.4500 by the time Europe was up and running.
MXN posted fresh record highs, but saw much less of a retracement in the aftermath. NOK not so resilient this time around, but holding off its recent long term lows vs SEK and EUR.
Risk sentiment otherwise steadied to help USD/JPY through and stay above 117.00 throughout London, but the crosswinds failed to have any major dampening effect on EUR/USD, which suffered minor losses through 1.0900. CNH vs CNY is back in to .01-.02.
Cable just above survived the 2010 low at 1.4230, but remains in the line of fire. EUR/GBP tested but held off .7700, while GBP/JPY traded back to 168.00 after extending the lows to 166.20. AUD heavy, but held off Friday’s .6824 low.