Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies are following closely, in particular Aussie and Kiwi, as the next worst performers for the week. European majors look set to be the winners of the week, as led by Sterling. Nevertheless, a bunch of GDP data from Eurozone and Canada could change the picture before the weekend. Technically, Euro's decline against Sterling appears to be low as seen in 4 hour MACD. EUR/CHF is also approaching a 1.0737 cluster support. There is prospect of some recovery in both Euro crosses. That might help finally push EUR/USD through 1.1880 resistance decisively, towards 1.1974 resistance. This would be a focus in the European session. In Asia, at the time of writing, Nikkei is down -1.34%. Hong Kong HSI is down -1.63%. China Shanghai SSE is down -0.58%. Singapore Strait Times is up 0.13%. Japan 10-year JGB yield is up 0.0004 at 0.022. Overnight, DOW rose 0.44%. S&P 500 rose 0.42%. NASDAQ rose 0.11% 10-year yield rose 0.008 to 1.269. | 