Dollar jumps sharply in after data shows strong rise in retail sales, versus expectation of a decline. The data also raises optimism that it's just the start of resurgence in consumer demand, as the world is exiting the pandemic with fast vaccinations. Canadian Dollar is following closely as the second strongest for the day. On the other hand Euro and Swiss Franc are suffering steep decline. Technically, EUR/USD's break of 1.1769 suggests resumption of fall from 1.1908 for retesting 1.1663 low. USD/CHF is pressing 0.9273 resistance and firm break there will resume whole rise from 0.8925. USD/JPY's strong rebound also suggests that 109.10 support is well defended. At the same times, gold drops sharply through 1779.44 today, and it's heading back to 61.8% retracement of 1682.60 to 1833.79 at 1740.35. These developments affirm Dollar's underlying buying together. In Europe, at the time of writing, FTSE is up 0.48%. DAX is up 0.74%. CAC is up 1.17%. Germany 10-year yield is up 0.0183 at -0.286, above -0.3 handle. Earlier in Asia, Nikkei dropped -0.62%. Hong Kong HSI dropped -1.46%. China Shanghai SSE dropped -1.34%. Singapore Strait Times rose 0.19%. Japan 10-year JGB yield rose 0.0092 to 0.045. |