Oil saw a late bounce, back to $66.50 , cutting losses in half, as the pit closed up for the day. Coincidental, CFTC Chairman Gensler (another former Goldman guy) says that the commission must seriously consider position limits on energy futures. Limits would avoid highly concentrated positions that could distort markets.
Share prices are showing no such bounce just yet. We trade down 2.1%
EUR/USD has edged up toward the low 1.4090s again. AUD’USD is trying to build a bases in the 0.8230s after slipping as far as 0.8153 first thing this morning.
