Dollar remains the worst performing one today as focuses turned from geopolitical tensions to trade. Euro is following as the second weakest as earlier rally reverses. On the other hand, buying in New Zealand Dollar picks up, followed by Swiss Franc. Sterling is also firm as the third strongest for today. Technically, EUR/CHF will be a focus before year end. Recovery from 1.0856 was rejected by 4 hour 55 EMA again and could be heading back to 1.0856 low. Break will resume recent fall to 1.0811 low. USD/CHF is also on track to retest 0.9659 low. We'd see if the strength in Swiss Franc could sustain. In Europe, FTSE is currently down -0.29%. DAX is down -0.66%. CAC is down -0.19%. German 10-year yield is up 0.067 at -0.185. Earlier in Asia, Nikkei dropped -0.76%. Hong Kong HSI rose 0.33%. China Shanghai SSE rose 1.16%. Singapore Strait Times dropped -0.13%. Japan 10-year JGB yield dropped -0.0037 to -0.015. |
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