After yesterday's selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark yields. Euro and Sterling are on the softer side, even though they still outperform Dollar. Technically, while Dollar is under broad-based pressure, the weakness in Euro is also worth a mention. EUR/CHF is on the verge on breaking through 0.9697 low to resume long term down trend. Meanwhile, EUR/AUD is also eyeing a break of 1.4508 to resume the near term fall from 1.5396 towards 1.4318 low. Break of these levels could cap Euro's rally against Dollar. In Asia, Japan is on holiday. Hong Kong HSI is up 1.83%. China Shanghai SSE is up 1.25%. Singapore Strait Times is up 0.46%. Overnight, DOW rose 1.63%. S&P 500 rose 2.13%. NASDAQ rose 2.89%. 10-year yield dropped -0.011 to 2.786. |