• WSJ: White House in talks to replace sequester
  • Positive signals on fiscal cliff deal boost sentiment
  • Geithner: Deal to avert fiscal cliff is within our grasp
  • US Oct industrial production -0.4% vs +0.2% exp
  • Noyer: Maybe one day OMT could be used for Greece
  • ECB’s Noyer: OMT represents a massive backstop against unjustified increases in sovereign yields
  • Dovish comments from Fed’s Lockhart
  • Cyprus: Troika ups final spending cut position by EUR 225 mln
  • Weekly CFTC positioning
  • Hostess to liquidate, laying 18,500 US workers
  • US House passes a bill repealing the cold war ban on trade with Russia
  • S&P 500 gains 0.5% to 1360
  • NZD leads, CHF lags on day
  • CHF leads on week, JPY lags

Whimsical session, as in, the market was driven by the political and stock market whims. Markets were at their worst levels as European stocks closed, with EUR/USD below 1.2700.

Afterwards, comments that indicated some compromise on the fiscal cliff boosted sentiment.