Dollar stays soft in Asian session today as markets await non-farm payrolls and ISM manufacturing data. Yen and Swiss Franc follow as next weakest. On the other hand Aussie and Kiwi are the strongest ones so far, both are lifted mildly by slightly better than expected Chinese data. For the weak, Canadian Dollar is the weakest one followed by Dollar. New Zealand and Australian Dollars are the strongest. Technically, 1.1179 resistance in EUR/USD will be a focus today. Break will indicate resumption of rise from 1.0879 low. That could trigger more broad based selloff in the greenback. Similarly, focus will also be on 1.3012 resistance as well as 0.9841 support in USD/CHF. In Asia, Nikkei closed down -0.33%. Hong Kong HSI is up 0.60%. China Shanghai SSE is up 0.91%. Singapore Strait Times is up 0.05%. Japan 10-year JGB yield is down -0.0316 at -0.171. Overnight, DOW dropped -0.52%. S&P 500 dropped -0.30%. NASDAQ dropped -0.14%. 10-year yield dropped -0.107 to -1.691. |
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