ForexLive Americas wrap: Commodity currencies inch higher

Bank of Italy tells biggest banks to hike bad loans provisions - RTRS Fed's Fisher calls for reform on too-big-to-fail German govt plans zero net borrowing by 2015 US willing to negotiate with North Korea as sanctions ratchet higher US Congress urged to reform IMF Bernanke provokes mystery over Fed stimulus exit - BBG VIX hits lowest since 2007 NZD leads, JPY lags S&P 500 gains 0.3% to 1556 In a bull market, no matter where stocks open, they tend to move higher over the course of the day. The S&P opened a few points lower today and closed a few higher. The slow improvement in risk appetite spilled over to the commodity currencies during US hours. The Australian dollar jumped to 1.0265 after breaking the European high of 1.0237. A similar but strong wave of buying hit NZD and it jumped a half cent to 0.8273. The euro hit some lights buy stops above 1.3025 and climbed to 1.3040. The general theme was to sell the US dollar but USD/JPY was the exception as it inched a dozen pips higher to 96.27. The overall tone was subdued.