Currencies are relatively calm, moving in ranges. EUR/USD and GBP/USD are struggling to hold above 1.3900 and 1.6200 respectively. The Yen is posting small gains for the American session supported by a rally in Treasuries. USD/CHF failed to rise above 0.9300 and is slowly approaching daily lows. Currencies tied to commodities retreated from the highs after Wall Street opening and since then are consolidating.