Oil has bounced back to test the $80.05 after a slide as low as $77.64 earlier this morning. Inventory data and the weak dollar are helping give crude a ride.
The commodity currencies are lagging the EUR today but are much stronger on the session. USD/CAD is down to 1.0430 from 1.0580 with a Swiss name a heavy seller on the last leg lower. AUD is up to 0.9270 from below 0.92 in early US trade.
