US exports to China were a record $7.3 bln in November while overall exports were the highest since November 2008. The Imports were the highest since December 2008.

It looks as though inventories are starting to be rebuilt, both domestically and via imports; perhaps a sign of economic life.

EUR/USD is little changed, now at 1.4476/79.

North of the border, Canada showed another small trade deficit of C$0.34 bln.