Not much change from the NY close with most of the majors trading relatively quietly thus far in early interbank markets. EUR/USD is at 1.3685, USD/JPY at 82.50 and AUD/USD at .9855.

Over the last week or so we have firstly seen EUR longs get pared back, on Friday the AUD longs started to run for cover and this may be now be the trend until Christmas; profit taking and positional adjustments.

Good luck today.