"Overall sentiment continues to be dictated by central bank actions and hopes of more policy accommodation, " said analysts at Credit Agricole CIB in Hong Kong.
As I suggested yesterday, the leaders also appear to have reached an accommodation with the European Central Bank, though they have been suspiciously vague about what that agreement is.
Of course the currency is not supported by a central bank that has changed its mind on rate accommodation and inflationary risks too many times this year.
The European Central Bank also is meeting next week Analysts at Brown Brothers Harriman said some sort of monetary accommodation is likely, with a rate cut possible.