Dollar stays strong in early US session after release of another record print of PPI inflation. Buying of Dollar is currently concentrated again Yen and Canadian. But the moves in Aussie and European majors are also picking up. Loonie is the worst performing one today, despite the mega 1% rate hike by BoC yesterday. It's some what weighed down by oil prices, with WTI breaching April's low. Yen is currently the second worst. Technically, EUR/USD breaks parity with another fall today. A main focus is indeed on 100% projection of 1.1184 to 1.0348 from 1.0773 at 0.9937. As long as this projection level holds, there is still prospect of a near term rebound. However, sustained break there could prompt further downside acceleration to 161.8% projection at 0.9420. This should be decided in the next few days. In Europe, at the time of writing, FTSE is down -1.36%. DAX is down -1.64%. CAC is down -1.56%. Germany 10-year yield is up 0.0607 at 1.203. Earlier in Asia, Nikkei rose 0.62%. Hong Kong HSI dropped -0.22%. China Shanghai SSE dropped -0.08%. Singapore Strait Times dropped -1.22%. Japan 10-year JGB yield dropped -0.0029 at 0.235. | 