Australian Dollar trades mildly higher in Asian session, after RBA minutes affirmed that further tightening is underway. New Zealand is also supported by somewhat steady risk sentiment. Canadian Dollar is also limited after WTI crude oil rebounded and regained 100 handle. Euro and Dollar are the softer ones for now, followed by Sterling, which awaits UK job data. Technically, the case of a deeper near term pull back in Dollar is building up. Attention will be on 1.2055 minor resistance in GBP/USD and 0.6873 minor resistance in AUD/USD. Firm break of these levels will confirm short term weakness in the greenback, which should be quick broad-based, except versus Yen. In Asia, at the time of writing, Nikkei is up 0.56%. Hong Kong HSI is down -1.21%. China Shanghai SSE is down -0.51%. Singapore Strait Times is down -0.12%. Japan 10-year JGB yield is up 0.0024 at 0.237. Overnight, DOW dropped -0.69%. S&P 500 dropped -0.84%. NASDAQ dropped -0.81%. 10-year yield dropped -0.03 to 2.930. |