 Dollar turned mixed after yesterday rally attempt met with no follow through commitments from bulls. Trump reiterated his attack on Fed and on Jay Powell personally. Comments from Fed officials were mixed. But the greenback paid little attention overall. Australian and New Zealand Dollar are again the strongest ones today but upside is very limited. Both are indeed limited below last week's high against peers. Meanwhile, Yen, Swiss Franc and Canadian Dollar are the weaker ones today. Technical, among the major pairs and crosses, USD/JPY is the one making clear progress as it's on track for a test on 114.20/73 resistance zone, with solid momentum. USD/CAD's break of 1.3318 suggest rise resumption for 1.3385 resistance. Otherwise, there's a lot of hesitations, most notably in USD/CHF ahead of parity. In other markets, US equities closed broadly higher today, with DOW gained 0.44% to 24748.73. S&P 500 rose 0.33% but NASDAQ just added 0.01%. Treasury yield were slightly lower with 10 year yield down -0.017 at 3.055, as recent consolidations extend. Asian markets recover generally today. At the time of writing, Nikkei is up 1.00%, Hong Kong HSI up 0.91%, China Shanghai SSE up 0.79% and Singapore Strait Times up 0.23%. |
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