More 2 way trade in the key USD rates this morning, as London markets are now in full swing. We saw GBP and the commodity currencies coming under attack first thing, but some moderation now in play with AUD/USD back above .7600 and Cable through 1.4400 again. We sense these levels will provide better levels to sell again, but with the USD index having broken some key support levels, it will be a choppy ride from here. A shortened week may also keep the volumes towards the lower end of the scale, but this could impact the likes the Cable and USD/JPY given some of the levels attained/breached. USD/CAD stopped shy of 1.3100 earlier on, but still looks well placed to retest this with Oil prices looking a little heavy at current levels.
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