Dollar's selloff continues on the last trading day of the year, while markets are rather mixed elsewhere. Australian Dollar is the strongest one for now, but it's followed by Japanese Yen. Meanwhile, New Zealand Dollar is the weakest one, followed by Euro and Sterling. Trading will likely become more subdued as the year is closing. Technically, AUD/USD is a pair to watch at New Year. Rebound from 0.6677 is extending and it's pressing 0.7013 projection level. We'll see if AUD/USD would top around here or break through this level. USD/CAD is another pair to watch as it's pressing 1.3052 medium term fibonacci support. Decisive break there would pave the way to 1.2673. In Asia, Japan was on holiday. Hong Kong HSI is down -0.46%. China Shanghai SSE dropped -0.33%. Singapore Strait Times is up 0.01%. Japan 10-year JGB yield is down -0.0037 at -0.016. Overnight, DOW dropped -0.64%. S&P 500 dropped -0.58%. NASDAQ dropped -0.67%. 10-year yield rose 0.021 to 1.895. |
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