The Australian dollar's reversal off 77 cents and oil ignoring the draw on inventories tells us much about traders' psyche right now.
Oil is breaking lower and the US dollar has made a top.
Oil is hanging tough even though many traders think a deal is remote and the Iraqi's are already calling foul. Elsewhere - is the US dollar rally stalling?
The US dollar is stronger, but it's not universally strong. That's important.
Big reversals for oil and the Australian dollar the big news.
Oil ripped higher and and the Aussie dollar is above 77 cents in a big night for markets.
Oil is higher again and that's driving inflation - something commodity currencies haven't missed.