EurUsd printed low 1.0668 at the turn of the hour 8.00 am HK; we suspect that was some systematic trade. EurUsd then climbed towards 1.0690 as UsdJpy headed towards the 112-teens. Chatter of fresh offers lined up into 1.0720’s. Option expiry today strike 1.0650 NY cut for Eur1.42bn.
API announced that US crude inventory up 14.2mio barrels last week, this is biggest rise in stockpiles since last Oct. Oil futures slide following this report which came out late NY. UsdCad was slow to react, traded towards 1.3200 then pared gains into late morning.