Dollar is staying as the strongest one for the week as markets await FOMC rate hike. Yet, the greenback is still held below last week's high against most counter parts except Loonie and Kiwi. Swiss Franc is also resilient while markets are speculation a larger than expected hike by SNB later on Thursday. Commodity currencies are generally weak on risk aversion while Yen is pressured by rising major yields. Euro and Sterling are mixed for now. Technically, USD/CAD's break of 1.3343 temporary top overnight was a sign of rally resumption in Dollar. But more breakouts are needed to confirm the greenback's strength. The immediate levels to watch are 144.98 resistance in USD/JPY, and 1.1349 temporary low in GBP/USD, and 0.6680 support in AUD/USD. A more distant level is 0.9863 low in EUR/USD. In Asia, at the time of writing, Nikkei is down -1.17%. Hong Kong HSI is down -1.24%. China Shanghai SSE is down -0.04%. Singapore Strait Times is up 0.06%. Japan 10-year JGB yield is down -0.0042 at 0.256. Overnight, DOW dropped -1.01%. S&P 500 dropped -1.13%. NASDAQ dropped -0.95%. 10-year yield rose 0.081 to 3.571. |