Dollar surged overnight as boosted by the strong rally in US treasury yield. 10 year yield gained 0.047 to close at 2.914, after hitting as high as 2.934. It's now close to a key resistance, February's high at 2.943. The greenback remains firm in Asian session. For the week, Dollar is trading as the second strongest one, follow Euro, which was helped by the strong rebound in EUR/GBP as well as the rally in EUR/CHF. Talking about EUR/CHF, it halted somewhat at 1.2 key level. But buying emerges again as markets are heading into European session. At the time of writing, it just hit 1.2004. US yields and Swiss Franc will continue to be the focuses of today. And attention will also be on Canadian inflation and retail sales. | |