Australian Dollar tumbles broadly today after weaker than expected job data. Overall risk-off sentiment is also pressuring commodity currencies. On the other hand, Yen and Swiss Franc are strengthening together with Dollar. As for the week, Swiss Franc and Sterling are currently the best performer, thanks to additional support from buying against Euro. Aussie and Canadian are the worst while Dollar and Euro are mixed with Yen. Technically, USD/CAD's break of 1.3451 minor resistance argues that pull back from 1.3704 has completed at 1.3302, well ahead of 1.3223 low. Further rally should be seen back to retest 1.3704 resistance. Firm break there will resume the rebound from 1.3223. Let's see if such development will come with more rebound in Dollar, at least against other commodity currencies. In Asia, at the time of writing, Nikkei is down -1.52%. Hong Kong HSI is down -0.03%. China Shanghai SSE is up 0.19%. Singapore Strait Times is down -0.44%. Japan 10-year JGB yield is down -0.0153 at 0.407. Overnight, DOW dropped -1.81%. S&P 500 dropped -1.56%. NASDAQ dropped -1.24%. 10-year yield dropped -0.160 to 3.375. |