WTI crude up $1.65 to $38.00
USD/CAD is near the earlier session low of 1.3339 as oil prices continue to crawl higher after weekly US inventory and production data.
The Australian and New Zealand dollars were beaten down further in the early going but are both showing signs of life. NZD has been battered since the RBNZ surprise decision to cut rates but it might be in the process of forming a minor double bottom.
If that's the case, it will need help from a dovish Fed to hold the 0.6575 low.
