Dollar rises further in early US session after much stronger than expected non-farm payroll report. 10-year yield also surges and it's now back above 1.6 handle. The greenback in currently the second strongest for the week, only overwhelmed by the oil supported Canadian Dollar. While Swiss Franc and Yen are trying to recover against others, in particular commodity currencies, both are still the worst performing for the week. Technically, Dollar's strength is now being more convincing with break of 1.3828 support in GBP/USD and 0.7591 temporary low in AUD/USD. A focus is on whether gold would break through medium term channel support, to accompany further rally in Dollar. Or, gold would stabilize from here and recover first. We'd probably only find out early next week. In Europe, currently, FTSE is down -0.06%. DAX is down -0.70%. CAC is down -0.58%. Germany 10-year yield is up 0.020 at -0.288. Earlier in Asia, Nikkei dropped -0.23%. Hong Kong HSI dropped -0.47%. China Shanghai SSE dropped -0.04%. Singapore Strait Times dropped -0.03%. Japan 10-year JGB yield dropped -0.0434 to 0.097, back below 0.1 handle. |