Dollar's selloff intensifies today as risk-on sentiment is slowly coming back to the markets. Yen is following as the next weakest. European majors are currently the main winners. Commodity currencies are somewhat lagging behind. In other markets, European indexes are trading slightly higher while US futures also point to higher open. Gold and oil prices are also firm on Dollar weakness. Technically, EUR/USD's break of 1.2181 temporary top, and USD/CHF's break of 0.8984 temporary low, affirm general weakness in the greenback. Eyes will be on whether AUD/USD would follow and break through 0.7890 resistance, and whether NZD/USD will break through equivalent level at 0.7304. In Europe, at the time of writing, FTSE is up 0.30%. DAX is up 0.05%. CAC is up 0.03%. Germany 10-year yield is down -0.0102 at -0.122. Earlier in Asia, Nikkei rose 2.09%. Hong Kong HSI rose 1.42%. China Shanghai SSE rose 0.32%. Singapore Strait Times rose 2.04%. Japan 10-year JGB yield rose 0.0005 to 0.080. |