 Australian Dollar dips broadly today after RBA delivered a smaller than expected rate hike. But the selloff in Aussie is so relatively limited. New Zealand Dollar follows lower, ahead of tomorrow's RBNZ rate decision. RBNZ is expected to hike by 50bps, but now it's not totally certain given that tightening is already "mature". Sterling is so far the stronger on today as rebound is making progress. Dollar and Euro are mixed while Yen and Swiss Franc are on the softer side. Technically, GBP/CHF powered through 38.2% retracement of 1.2598 to 1.0183 at 1.1106 yesterday. It's now pressing 55 day EMA. Sustained break there will pave the way to 61.8% retracement at 1.1675. Such development would help lift Sterling elsewhere, including pushing GBP/USD back through prior support turned resistance at 1.14 handle. In Asia, at the time of writing, Nikkei is up 2.86%. Japan 10-year JGB yield is down -0.0128 at 0.231. Singapore Strait Times is up 0.82%. China and Hong Kong are on holiday. Overnight DOW rose 2.66%. S&P 500 rose 2.59%. NASDAQ rose 2.27%. 10-year yield dropped -0.153 to 3.651. | 
