Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday's range for now. As for the week, Canadian Dollar is currently the strongest, , followed by Kiwi and Dollar. Swiss Franc, Euro and Yen are the weakest. Technically, it looks like Dollar has just turned into sideway trading with yesterday's retreat. For now, more sideway trading is likely. We'll keep an eye on 110.01 minor support in USD/JPY and 1.1768 minor resistance in EUR/USD. The greenback's rally would be in favor to resume as long as these levels holds. But break will indicate that deeper pull back is underway. In Europe, at the time of writing, FTSE is down -0.20%. DAX is up 0.46%. CAC is up 0.39%. Germany 10-year yield is up 0.0149 at -0.444. Earlier in Asia, Nikkei dropped -0.20%. Hong Kong HSI dropped -0.53%. China Shanghai SSE dropped -0.22%. Singapore Strait Times rose 0.09%. Japan 10-year JGB yield dropped -0.0178 to 0.024. |