 Euro trades broadly higher in Asian session today, except versus New Zealand Dollar. The common currency is extending this week's powerful rebound. Meanwhile, Canadian Dollar is trading as the weakest one, followed but Dollar as the second weakest. For the week, Euro remains the strongest one on a powerful rebound. It's followed by Australian Dollar as the second strongest. Canadian Dollar is the weakest one, paring back some of this month's gain. Sterling is the second weakest on worries over no-deal Brexit. The strength in Euro can firstly be explained by Dollar's failure in breaking through key resistance level. That is, EUR/USD rebounded strongly after defending 1.1507 key support level. The greenback is apparently troubled by the recovery in the Chinese Yuan follow PBoC measure. EUR/GBP also takes advantage of the no-deal Brexit worries to surge through 0.8967 key resistance level. Resumption of medium term rise from 0.8620 in EUR/GBP could help lift Euro elsewhere. Thirdly, the common currency appears to be benefited from China trade data. The set of data clearly showed that China is turning to the EU for trade, in rather drastic and speedy way in July. Since early part of the year, Dollar has always benefit from Trump's escalation in trade conflicts. But going forward, it's worth a watch on Euro's reactions to Trump's comments on trade with China. | 
