US equities are at session highs at 950.00 with 45 minutes to go in the trading day. This would be the highest close for the year. The 957 region is the intraday 2009 high. If the market keeps grinding higher, expect the reflation trade to go right along with it.

AUD/USD trades at 0.8165 late in the day after wearing away offers around 0.8150. EUR/USD consolidates at 1.4230 after stalling earlier at 1.4250.