Dollar's rally continues in Asian session today, in particular against Euro, Swiss Franc and Yen. Though, cautious comments from Fed Evans is not giving any particular boost elsewhere. Commodity currencies are still resilient, as supported by overall optimistic sentiment, with DOW closing at new record high. Main focus will now turn to US consumer inflation data. Technically, USD/JPY's break of 110.58 resistance is a positive development for the Dollar. Yet, we'd still need to see break of 1.3766 support in GBP/USD, 0.7288 low in AUD/USD, and 1.2605 resistance in USD/CAD, to confirm Dollar's underlying bullish momentum. In Asia, at the time of writing, Nikkei is up 0.47%. Hong Kong HSI is up 0.21%. China Shanghai SSE is up 0.27%. Singapore Strait Times is down -0.68%. Japan 10-year JGB yield up 0.0109 at 0.036. Overnight, DOW rose 0.46%. S&P 500 rose 0.10%. NASDAQ dropped -0.49%. 10-year yield rose 0.025 to 1.342. |
