With US rates getting dragged lower aggressively, USD kept losing ground against currencies where most long terms positions have been held. JPY and EUR gained ground and kept their 3 day trend going strong. GBP has kept pushing higher against the USD. Commodities have been supported by low US rates, Gold has tried to break through 1200 abd seems to be holding above it for now. Risk environment however has not improved much as weak USD is still perceived to be a negative growth event, commodity currencies have not gained ground and EMFX generally has lost its gains from the day before.
