Canadian Dollar softens mildly in early US session after consumer inflation data. While CPI hit another near four-decade high, the reading was far below market expectations. On the other hand, New Zealand and Australian Dollar remains generally firm. Dollar is recovering slightly but stays as the worst performer for the week so far, as it's near term correction. Overall all trading is relatively subdued and could wait until tomorrow's ECB rate decision to revive some volatility. Technically, Euro is losing some upside momentum ahead of Dollar, Yen and Sterling. It's also looking vulnerable against Aussie. Break of 1.4759 support in EUR/AUD could prompt deeper selloff towards 1.4318 low. In this case, EUR/USD and EUR/GBP could also be dragged back to 0.9951 and 0.8401 support respectively. In Europe, at the time of writing, FTSE is down -0.36%. DAX is down -0.81%. CAC is down -0.53%. Germany 10-year yield is down -0.052 at 1.226. Earlier in Asia, Nikkei rose 2.67%. Hong Kong HSI rose 1.11%. China Shanghai SSE rose 0.77%. Singapore Strait Times rose 1.68%. Japan 10-year JGB yield rose 0.0020 to 0.244. | 