Dollar's rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading lower on poor business confidence data. Focus will turn to Germany economic sentiment first, with an eye on any more comments from Fed officials. Technically, while Dollar's rally continued, the strength against commodity currencies and Sterling is not too apparent yet. AUD/USD would have to break through 0.7288 low to show Dollar's underlying strength. Also, USD/CAD will have to break through 1.2605 minor resistance while GBP/USD will have to break through 1.3766 minor support. Otherwise, Dollar's rally is still a bit half-hearted. In Asia, Nikkei closed up 0.25%. Hong Kong HSI is up 0.75%. China Shanghai SSE is up 0.52%. Singapore Strait Times is up 0.69%. Japan 10-year JGB yield is up 0.0094 at 0.024. Overnight, DOW dropped -0.30%. S&P 500 dropped -0.09%. NASDAQ rose 0.16%. 10-year yield rose 0.027 to 1.317, back above 1.3 handle. |