• Commodity currencies lagging badly with USD/CAD at 1.0322.
• JPY leading at 76.28
• FedEX results were better than expected, the cargo carrier is seen as a solid barometer of growth. Unfortunately the cargo carrier lowered its 2012 outlook on slower growth in the global economy and high fuel prices.
• US jobless claims at the bottom of the hour, expected at 420K
• Canadian retail sales at the same time, -0.3% consensus