 New Zealand Dollar rises broadly after RBNZ delivered the historical 75bps rate hike as widely expected. Yet, it's staying in near term range against the greenback. For now, Euro is following Kiwi as second strongest for the day, then Swiss Fran and Sterling. Canadian Dollar is the weakest, followed by Yen and Aussie. Apparently, Aussie is additionally dragged by selloff against Kiwi. Dollar is mixed and awaits more economic data as well as FOMC minutes, before US holiday tomorrow. Technically, Dollar is back under some pressure, in particular against Euro and Swiss Franc. 1.0092 support in EUR/USD and 0.9680 minor resistance in USD/CHF stay intact, and keep bearish bias in Dollar. EUR/USD and USD/CHF could revisit recent levels at 1.0481 and 0.9355 respectively during the rest of the week if selloff in Dollar intensifies. In Asia, at the time of writing, Nikkei is up 0.61%. Hong Kong HSI is up 1.05%. China Shanghai SSE is up 0.33%. Singapore Strait Times is down -0.06%. Japan 10-year JGB yield is down -0.0012 at 0.245. Overnight, DOW rose 1.18%. S&P 500 rose 1.36%. NASDAQ rose 1.36%. 10-year yield dropped -0.067 to 3.758. |
