Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will now turn to US GDP report. Technically, GBP/USD's break of 1.3908 resistance suggests completion of recent fall from 1.4248. USD/CHF's break of 0.9116 also affirms that rebound from 0.8925 has completed at 0.9273 already. A major focus is now on the relatively weak Euro. Break of 1.1880 resistance in EUR/USD should also confirm short term bottoming at 1.1751. That would solidify the case of more Dollar selling for the near term at least. In Asia, at the time of writing, Nikkei is up 0.76%. Hong Kong HSI is up 2.74%. China Shanghai SSE is up 1.04%. Singapore Strait Times is up 0.50%. Japan 10-year JGB yield is up 0.0049 at 0.021. Overnight, DOW dropped -0.36%. S&P 500 dropped -0.02%. NASDAQ rose 0.70%. 10-year yield rose 0.027 to 1.261. | 