 Dollar recovers broadly today while stocks markets rebound. Threat of US-Mexico trade war vanished after Trump announced to suspend indefinitely the plan to impose tariffs on all Mexican imports. An agreement was made between the US and Mexico on migration issue. At this point, there is no confirmation of bottoming in the greenback yet. But with a key uncertainty removed, it's more likely for Fed to hold on to its patient stance longer to see how things play out. Thus there is prospect of a stronger rebound in the greenback. Staying in the currency markets, Canadian Dollar is the second strongest as the week starts., followed by Sterling. New Zealand and Australian Dollars are the weakest ones. Surprised sharp contraction in Chinese imports in May is a key factor weighing down on both currencies. Yen is the third weakest following improvement in risk sentiments. Technically, 0.6962 minor support in AUD/USD is a level to watch. Break will suggest earlier than expected completion of the rebound form 0.6864. Similarly, 1.1251 in EUR/USD and 1.2668 in GBP/USD will carry similar implications. 0.8902 temporary top in EUR/GBP is also in focus and break will indicate resumption of recent rally towards 0.9101 key resistance. In Asia, Nikkei is currently up 1.24%. Hong Kong HSI is up 2.03%. China Shanghai SSE is up 0.98%. Singapore Strait Times is up 0.80%. Japan 10-year JGB yield down -0.0082 at -0.123. | 
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