Euro stays generally soft today even though there is no follow through selling yet. It's reported that Germany's acting Chancellor Angela Merkel urged in a CDU meeting tougher restrictions to combat the fourth wave of coronavirus infection. But the news was shrugged off as the markets have probably priced in a return to lockdown in Germany already. As for today, Yen and Sterling are the softer ones with Euro. Commodity currencies are firm on positive market sentiment in the US, with NASDAQ likely to extend record run at open. Technically, we'd maintain that Euro bears are probably still waiting to press the button on selling EUR/USD firmly away from 1.125/30 support zone. Thus, the movements in Euro against other relatively limited. One exception is EUR/AUD, which is apparently heading back to 1.5446 minor support. Break there will bring retest of 1.5354 low and could help drag Euro down elsewhere. In Europe, at the time of writing, FTSE is down -0.18%. DAX is down -0.35%. CAC is down -0.30%. Germany 10-year yield is up 0.0242 to -0.316. Earlier in Asia, Nikkei rose 0.09%. Hong Kong HSI dropped -0.39%. China Shanghai SSE rose 0.61%. Singapore Strait Times rose 0.15%. Japan 10-year JGB yield dropped -0.0050 to 0.074. |