New Zealand Dollar rises broadly after RBNZ halts its asset purchase program. The movement also takes Aussie slightly higher. On the other hand, Dollar is not quite able to extend the post-CPI rally, and softens slightly. European majors are currently mixed. Focus will now turn to BoC policy decision and the reaction in Canadian Dollar next. Technically, EUR/USD's break of 1.1780 temporary low suggests resumption of recent decline. But corresponding levels in GBP/USD, AUD/USD, USD/CHF and USD/CAD are still holding. On the other hand, EUR/GBP has taken out 0.8529 support to resume the choppy fall from 0.8718. EUR/CHF has also broken 1.0823 support to resume the fall from 1.1149. Hence, the fall in EUR/USD is more due to weakness in Euro for now. In Asia, at the time of writing, Nikkei is trading down -0.26%. Hong Kong HSI is down -0.56%. China Shanghai SSE is down -0.48%. Singapore Strait Times is down -0.07%. Japan 10-year JGB yield is down -0.0040 at 0.021. Overnight, DOW dropped -0.31%. S&P 500 dropped -0.35%. NASDAQ dropped -0.38%. 10-year yield rose 0.052 to 1.415. |