EUR/USD has been unable to overcome the 1.4670 level but the commodity currencies shave re-hitched their wagon to the reflation trade. Soaring US equities and rebounds in the commodities markets are helped spur a fresh run to the topside in the likes of Aussie.
AUD trades at 0.8750, not far below trend highs around the 0.8790 level. Barrier options remain in play at 0.8800. Kiwi is lagging with dealers mindful of some RBNZ sales last week.
