 Dollar remains the weakest one for today even though selloff somewhat stabilized in early US session. Stronger than expected core CPI is providing some support to the greenback, together with job data. However, the question remains on whether Fed will deliver the "insurance" rate cut this month, due to continuous uncertainties or deterioration in outlook. Judging from Fed chair Jerome Powell's comments yesterday, it seems Fed will act on the first cause. Though, it's still quite a long way to go, with retail sales data next week and Q2 GDP the week after. Staying in the currency markets, Canadian Dollar is currently the second weakest for today. The lack of selling in USD/CAD through 1.3037 temporary low is a sign of indetermination in CAD bulls. Euro is the third weakest as ECB minutes reaffirmed that it's ready to act to lift inflation. On the other hand, New Zealand Dollar is the strongest one for now, followed by Sterling. Technically, 1.3037 in USD/CAD will remain a key focus and firm break there will carry medium term bearish implications. Break of 0.9842 in USD/CHF should indicate completion of recent rebound and align bearish Dollar outlook with other pairs. EUR/GBP and GBP/JPY will be two focuses for the rest of the session with late surge in the Pound. Break of 0.8954 minor support in EUR/GBP will be an early sign of short term reversal in the cross. Deeper fall could then be seen to 0.8872 support next. Break of 136.28 minor resistance in GBP/JPY would bring stronger rebound back towards 137.78 resistance. In Europe, FTSE is currently down -0.13%. DAX is down -0.18%. CAC is up 0.08%. German 10-year yield is up 0.041 at -0.262, holding well above -0.3 handle now. Earlier in Asia, Nikkei rose 0.51%. Hong Kong HSI rose 0.81%. China Shanghai SSE rose 0.08%. Singapore Strait Times rose 0.30%. Japan 10-year JGB yield dropped -0.0138 to -0.139. | 
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