Commodities currencies were generally strong. Australian dollar rode on strong data from China which showed Chinese exports soared well past expectations. Sustained strength in Chinese trade was hailed critical to the recovery of global economy, in particular Australia.

In the case of Japanese Yen, a Reuters story told of the possibility that Japan's central bank may ease policy as early as next week pushed the currency lower against the dollar and Euro.

Back to Sterling weakness, pound slipped broadly on another batch of poor production data from UK for January, maintaining its downtrend amid worries about Britain's credit-worthiness, momentum of recover, fiscal deficit as well as political uncertainty.

Kiwi traded lower after the Reserve Bank of New Zealand kept rates unchanged at 2.5%, as expected but commented higher funding costs will cut the future extent of rate hikes, suggesting less tightening from the RBNZ than many initially thought.

Commodity prices: Gold Spot 1109.25/oz 
                             Brent Spot USD80.66/barrel