 Euro strengthens broadly in mixed forex markets today. Record wage growth in Q1 is a factor under-pinning the common currency. Poor US economic data also helps. But at this point, strength mainly centers in crosses, against Aussie most notably. Meanwhile, New Zealand Dollar is the second strongest one for today so far. On the other hand, Australian Dollar is the weakest despite relatively steady risk sentiments, followed by Canadian. Technically, while EUR/USD recovers today, it's held well below 1.1268 minor resistance. Hence, more downside is still in favor towards 1.1107 low. Similarly, EUR/JPY is held below 122.17 minor resistance. And more decline is in favor to 120.78 support. Nevertheless, EUR/AUD's break of 1.6363 temporary top suggests rally resumption. EUR/GBP should also be on track to extend recent rally. In Europe, currently, FTSE is down -0.17%. DAX is down -0.18%. CAC is up 0.16%. German 10-year yield is up 0.0083 to -0.243. Earlier in Asia, Nikkei rose 0.03%. Hong Kong HSI rose 0.40%. China Shanghai SSE rose 0.20%. Singapore Strait Times dropped -0.45%. Japan 10-year JGB yield dropped -0.029 to -0.127. |
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