 Australian Dollar is lifted broadly today after stronger than expected GDP data. But the Aussie quickly pared gains as weighed down by stock market rout in Asia. At the time of writing, Hong Kong HSI leads the decline by falling -1.65%. China Shanghai SSE is down -0.92%, Singapore Strait Times is down -0.81% while Nikkei is down -0.25%. Yen has little reaction to risk aversion though, and is trading as the weakest one for today. Dollar follows as the second weakest as the rally attempt yesterday was halted by dovish comments from Fed Kashkari. Canadian Dollar is mixed as BoC rate decision is awaited. One development to note is the broad based strength in US treasury yields, in particular at the long end. 30 year yield rose 0.059 to 3.069 overnight. 10 year yield rose 0.049 to 2.902. Five year yield rose 0.040 to 1.46%. Resurgence in US yields could put extra strains to emerging markets. US stocks closed down slightly with DOW dropped -0.05%, S&P 500 down -0.17% and NASDAQ down -0.23%. Problems in other parts of the world are not affecting US investors. Technically, EUR/USD defended 1.1529 support well and recovered. There is no confirmation of completion of rebound from 1.1300. But the pair might have another go at this 1.1529 later today. USD/CHF's rebound was also limited below 0.9775 resistance, thus, didn't indicate reversal. Another development to watch is European Yen crosses. EUR/JPY and GBP/JPY recovered after yesterday's dip. But upside were limited below 129.83 and 144.20 minor resistance levels. Thus, more decline is in favor in these two crosses. We'll see if there is renewed selling in European session. | 
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