Australian and Chinese trade data were focal points during the Asia session. Both sets of numbers were impressive, which proved to be mildly supportive of risk appetite. The euro struggled to make much headway though, still weighed down by the memory of yesterday’s downgrade of Greece’s rating by S&P. Comments by ECB policymakers warning of the dire consequences of any restructuring of Greek debt led the euro lower as the European session got underway. EURUSD traded 1.4297-1.4377, USDJPY 80.16-80.57. Continue reading →