Dollar turns softer in early US session after much worse than expected jobless claims data. Euro is closely following as next weakest and then Swiss Franc. On the other hand, Australian Dollar is extending post-job data gains. Canadian Dollar is also firm on oil prices. Yen is mixed for the moment as European stock markets are mixed while US futures point to mild recovery at open. Technically, AUD/CAD appears to be bottoming at 0.8974, just ahead of 0.8969 low, on bullish convergence condition in 4 hour MACD. Further break of 0.9126 resistance should confirmation completion of fall from 0.9301 and bring stronger rise back to this resistance level. If that happens, that would be a signal of a turn in tide between Aussie and Loonie. Also, that could give additional lift to AUD/USD for rising through 0.7313 resistance. In Europe, at the time of writing, FTSE is down -0.21%. DAX is up 0.17%. CAC is down -0.24%. Germany 10-year yield is down -0.0267 at -0.036. Earlier in Asia, Nikkei rose 1.11%. Hong Kong HSI rose 3.42%. China Shanghai SSE dropped -0.09%. Singapore Strait Times rose 0.33%. Japan 10-year JGB yield rose 0.0078 to 0.145. | 