While major FX rates stayed in relatively tight ranges with, on balance, some retracement for currencies against the USD there were a few bits and pieces of news that were of significance.

Reuters carried a report citing a US official as saying US / Israel discussions beginning Thursday would include considering destruction of Iranian nuclear facilities (see bullets above for under what circumstances etc. ). This underpinned oil on the session, WTI rose just shy of a dollar.

Chinese stocks were supported, with news published in the Wall Street Journal on Wednesday that President Xi had, in effect, ordered the People's Bank of China to ease (the Monday RRR cut).While on China, inflation data for November came in very strong again for the PPI and even the CPI jumped to its fastest since August of last year.

Chinese President Xi