The tone of the FT story has the stink of a Fed leak on it, at least from the market’s perspective.
Either that or traders would rather an FT reporter make their trades for them. In any case, the S&P 500 has given up 10 points from its high and is at 1635.
The commodity currencies are taking the brunt of the change in sentiment and AUD/USD is near a layer of strong bids 0.9505/00, although some stops are mixed in. More demand is at 0.9480/75.
USD/CAD touched above 1.0200 but the level to watch is Thursday’s high at 1.0226.