Dollar weakens broadly in relatively quiet Asian session today, while Australian Dollar is strengthening. Asia markets are trading mildly lower, but losses are limited. Month-end flow, plus holiday in the UK and the US, could keep activity subdued today. But the week ahead is extremely busy, with lots of first-tier economic data featured. Technically, Dollar's rebound attempt faltered quickly last Friday. Some near term resistance levels are still intact, keeping the greenback mildly bearish in general. The levels include 1.4090 support in GBP/USD, 0.7673 support in AUD/USD, 0.9046 resistance in USD/CHF and 1.2201 resistance in USD/CAD. We'd pay attention to whether selling in Dollar would come back soon. In Asia, at the time of writing, Nikkei is down -1.07%. Hong Kong HSI is down -0.5%. China Shanghai SSE is down -0.20%. Singapore Straits Times is down -0.53%. Japan 10-year JGB yield is down -0.0014 at 0.084. |
