 Commodity currencies are generally stronger today following the rebound in risk markets. New Zealand Dollar is leading the way as additionally supported by stronger than expected consumer inflation reading. There are some talks that RBNZ would opt for a larger than before hike at the upcoming meeting. Dollar, Euro, and Yen are currently the worst performers, as followed by Swiss Franc, while Sterling is mixed. Technically, while NZD/USD recovers notably, it's held well below 0.5812 resistance. Thus, near term outlook stays bearish for another fall through 0.5511 at a later stage. AUD/USD is also kept well below corresponding resistance at 0.6539 while USD/CAD is holding well above 1.3501 support. It's too soon to declare a turn around in these three. In Asia, at the time of writing, Nikkei is up 1.47%. Hong Kong HSI is up 1.33%. China Shanghai SSE is up 0.34%. Singapore Strait Times is up 0.07%. Japan 10-year JGB yield is down -0.0015 at 0.251. Overnight, DOW rose 1.86%. S&P 500 rose 2.65%. NASDAQ rose 3.43%. 10-year yield rose 0.005 to 4.015. | 
