Sits at 1.4377, exactly to the point where it was when I managed to work my way through the congestion to make it to my office around 6 hours ago.

China is said to have bought down at 1.4335/40 overnight, BIS sold up at 1.4390/95 this morning, result an impasse for the time being.

Fact it’s Martin Luther King Day in the U.S. isn’t helping matters.