Euro strengthens again after ECB announced expansion of its crisis asset purchase program PEPP. Euro is also taking Swiss Franc mildly higher too. On the other hand, Sterling is the weakest one as pressured by the selloff against Euro. Canadian Dollar is following as the second weakest for the moment. Other currencies are generally mixed, in response to mildly weaker stocks. Dollar, in particular, still lacks decisive buying for a sustainable rebound, and would look into tomorrow's non-farm payroll report. Technically, EUR/USD resumes recent rise by taking out 1.1257 temporary top. EUR/GBP's focus is back on 0.9054 resistance with today's recovery and break will also resume recent rebound. EUR/CHF is staying in consolidation from 1.0819 and would likely extend sideway trading. A focus for the rest of the week will be on 108.42 minor support in USD/JPY. Break could open up more downside in the greenback elsewhere. In other markets, DOW open mildly lower by around -0.2%. FTSE is currently down -0.58%. DAX is down -0.53%. CAC is down -0.27%. Germany 10-year yield is up 0.0234 at -0.328. Earlier in Asia, Nikkei rose 0.36%. Hong Kong HSI rose 0.17%. China Shanghai SSE dropped -0.14%. Singapore Strait Times rose 0.25%. 10-year JGB yield rose 0.0152 to 0.030. |
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