 Dollar remains the strongest one for the week even though upside momentum is diminishing today. The single most important factor for Dollar's next move is whether Fed would cut interest rate at this month's meeting. A 50bps cut is basically priced out by the markets, but futures still indicate 100% chance of a 25bps cut. Hopefully, markets would finally get a clue from Fed Chair Jerome Powell's semi-annual Congressional testimony. The greenback could be given a strong boost should Powell suggest that a July cut is far from certain. Staying in the currency markets, Canadian Dollar is also firm today as markets await BoC rate decision. No change is expected and with some solid economic data recently, BoC is given some room to turn more "neutral". Sterling is among the weakest together with Australian Dollar. The Pound could be under much pressure should GDP and production data disappoint. In Asia, Nikkei is currently down -0.03%. Hong Kong HSI is up 0.42%. China Shanghai SSE is down -0.02%. Singapore Strait Times is up 0.61%. Japan 10-year JGB yield is up 0.009 at -0.131. Overnight, DOW dropped -0.08%. S&P 500 rose 0.12%. NASDAQ rose 0.54%. 10-year yield rose 0.020 to 2.054. | 
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