 Dollar strengthens broadly today but upside is somewhat limited by mixed US economic data. Canadian Dollar is following as the second strongest as oil prices recover mildly. On the other hand, both Swiss Franc and Euro are paring some of this week's gains. Weakness also spread to Sterling, which is also pressured by poor retail sales data. For the week, Yen is currently the weakest, followed by Kiwi. Franc is the strongest, followed by Canadian. Technically, while upside momentum in USD/JPY is relatively weak, with 109.79 minor support intact, further rise is still expected to 110.89 projection level next. With today's sharp fall, EUR/USD's fall is back on 1.1066 support and break will indicate near term bearishness. Nevertheless, that might not happen until next week. In Europe, currently, FTSE is up 0.93%. DAX is up 0.70%. CAC is up 1.04%. German 10-year yield is up 0.0053 at -0.208. Earlier in Asia, Nikkei rose 0.45%. Hong Kong HSI rose 0.60%. China Shanghai SSE rose 0.05%. Singapore Strait Times rose 0.09%. Japan 10-year JGB yield dropped -0.0113 to 0.000. |
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