Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed's rate hike, and forward guidance later in the week. Yen's trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier one as markets await tomorrow's RBA hike. Canadian Dollar and also turning weak, as dragged down by falling oil price. But Kiwi is still the worst performer. Technically, Dollar's broad-based rally is making some progress. USD/CAD has taken out 1.2879 temporary top. USD/CHF also takes out 0.9758 temporary top too. Now, focus is on 1.0470 temporary low in EUR/USD and 131.24 temporary top in USD/JPY. Break of these two levels should confirm underlying strength of the greenback. In Europe, at the time of writing, DAX is down -1.07%. CAC is down -1.84%. Germany 10-year yield is down -0.0021 at 0.942. UK is on bank holiday. Earlier in Asia, Nikkei dropped -0.11%. Japan 10-year JGB yield rose 0.011 to 0.230. Singapore Strait Times rose 0.65%. Hong Kong and China were on holiday. |