 Dollar weakens broadly today as markets are turning their focuses to manufacturing from the US. Final reading of Markit PMI shouldn't deviate much from the first print 50.6. Meanwhile, ISM manufacturing could probably how confidence turned after last round of trade war escalation with China. Even if the greenback might survive ISM manufacturing, more challenges lie ahead with ISM services and non-farm payrolls. Trump sounded calm and affirmative with is morning tweet today. He noted "no visible increase in costs or inflation" from the tariffs as "China is subsidizing its product". Meanwhile, "US is taking Billions!" It's doesn't really matter much how true Trump's claims are, much like China's denial of its own faults. The point is, Trump also preparing his base for a prolonged trade war with China. In the currency markets, New Zealand and Australian Dollars are currently the strongest ones for today. After initial selloff, major European stock indices quickly reversed and are all trading mildly up currently. Though German 10-year yield remains weak after hitting new record low at -0.217 earlier today. And that keeps Swiss Franc as third strongest, after EUR/CHF dives to new 2-year low. Meanwhile, Yen is the weakest one so far, mainly because it turned into consolidations on overbought conditions. Sterling is second weakest after manufacturing data showed reversal of pre-Brexit stockpiling effects. Technically, EUR/CHF's strong break of 1.1162 key support carries some long term bearish implications. And it's probably setting up for an extended down trend. While Dollar is weak, it should be noted that EUR/USD and AUD/USD are seen as staying in near term consolidations only. There is no bearish reversal in the greenback yet. In Europe, currently, FTSE is up 0.11%. DAX is up 0.01%. CAC is up 0.12%. German 10-year yield is down -0.007 at -0.207. Earlier in Asia, Nikkei dropped -0.92%. Hong Kong HSI dropped -0.03%. China Shanghai SSE dropped -0.30%. Singapore Strait Times rose 0.18%. Japan 10-year JGB yield rose 0.0053 to -0.091. | 
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