 Dollar's selloff accelerates entering into US session today and drags down the Japanese Yen too. Strong employment data may halt the greenback's decline temporary. But it's definitely not enough to trigger a reversal. EUR/USD and GBP/USD are in proximity to key fibonacci level at 1.1779 and 1.3316 respectively. These two levels will be closely watched and firm break would trigger even deeper pull back in Dollar in short to medium term. Sterling is trading as the strongest one for today as held by upside surprise in retail sales. It's a solid report with growth seen in all four retail sectors. Comments from EU officials in Austria also suggest that while the Irish border issue remains unresolved, all sides are working towards a solution, rather than away from it. New Zealand Dollar continues to ride on the stronger than expected Q2 GDP data released earlier today. Euro is trading as the third strongest for the moment. Australian and Canada Dollar lag behind. There is no clear reason for the free fall in Dollar. But given then all European majors are broadly firm, we'd believe that the trigger lies in Europe. And most likely, it's the strong rally in German 10 year bund yield, which breaks 0.5 level. German 10 year bund yield dived through key support level at around 0.5% earlier this year on Italian political turmoil. It then struggled to reclaim this level as Italy debt worries continue while Turkish Lira crisis emerged. A break of 0.5, and staying above means Eurozone is finally back out of this near term crisis mode. | 
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