 Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback's strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro's rebound. The economic calendar is rather empty today, but volatility is guaranteed ahead with FOMC and BoE rate hikes scheduled. A question in mind is whether commodity currencies could pick up buying again, and extend the rally started since war. Technically, NZD/USD's near term pull back from 0.6924 should complete soon, followed by a break through 0.6924 resistance in the next few days. That is, downside should be very limited even though it may have another dip. However, downside acceleration with break of 0.6736 support turned resistance will argue that the near term tide has reversed, which could also be reflected in Aussie's movements. In Asia, at the time of writing, Nikkei is up 0.91%. Hong Kong HSI is down -3.81%. China Shanghai SSE is down -1.30%. Singapore Strait Times is down -0.67%. Japan 10-year JGB yield is up 0.009 at 0.192. | 
