Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn't manage to break through any near term technical level yet. Euro remains the strongest one for the week at this point, followed by Yen. Commodity currencies are the generally weaker ones while Aussie is getting no special support from weaker than expected job data. Canadian Dollar was also dragged down by the decline in oil prices. Technically, the fall in Swiss Franc is worth a note, following the rally in German yield this week. EUR/CHF rebounded notably ahead of 1.0915 key resistance turned support. Break of 1.1073 resistance ahead would indicate completion of the correction from 1.1149 and bring resumption of up trend from 1.0503 In Asia, at the time of writing, Nikkei is up 0.01%. Hong Kong HSI is down -0.69%. China Shanghai SSE is down -0.29%. Singapore Strait Times is up 0.28%. Japan 10-year JGB yield is up 0.004 at 0.079. Overnight, DOW dropped -0.48%. S&P 500 dropped -0.29%. NASDAQ dropped -0.03%. 10-year yield rose 0.042 to 1.683. |