- Market triggered AUD/USD trailing stops below 1.0390 but failed to trigger larger stops below 1.0380 and dealers were forced to cover:
- Better than expected Chinese economic data led to further short-covering in later trade:
- Bank of Korea left rates unchanged as expected:
- EUR/USD stops above 1.2780 were triggered in very thin trading conditions:
- USD/JPY hardly moved from 79.50:
- AUD/USD rallied 50 pips from earlier lows on pre-weekend short-covering:
- Regional stocks fell by 0.5% on average but Gold continues to glitter at $1737/oz:
- Dealers report illiquid trading conditions with few major limit orders (but plenty of stops!).
