 Dollar firms up mildly in Asian session as this week's brief consolidation seems to be completed. Stocks were given another lift by trade hope overnight, with major indices extending record runs. Optimism somewhat continues in Asia but investors there seem to be relatively unconvinced. Kiwi is currently the second strongest, then Yen. On the other hand, Australian Dollar is the weakest one, followed by Euro, and then Sterling. Technically, there is no change in overall outlook. Dollar remains in favor to extend recent rise against Euro, Swiss and Aussie. Break of 1.0989 support in EUR/USD will resume the fall from 1.1175 to 1.0879 low. AUD/USD's decline from 0.6929 is in progress for 0.6670 low. USD/JPY, EUR/JPY and GBP/JPY are staying in range trading, with further rally mildly in favor. In Asia, currently, Nikkei is up 0.43%. Hong Kong HSI is up 0.05%. China Shanghai is up 0.16%. Singapore Strait Times is flat. Japan 10-year JGB yield is down -0.0091 at -0.107. Overnight, DOW rose 0.20%. S&P 500 rose 0.22%. NASDAQ rose 0.18%. 10-year yield dropped -0.024 to 1.740. |
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