 Australian Dollar is trading mixed, slightly to the soft side, after RBA's expected 50bps rate hike. There is basically no surprise out of the statement. Dollar is paring back some of recent gains while Yen is also soft. On the other hand, Sterling is leading Euro for a rebound while Canadian Dollar is also a touch firmer. Technically, while Sterling is recovering, upside momentum is hardly convincing so far. GBP/CHF will need to break through 1.1407 minor resistance to indicate short term bottoming first, before having the prospect of stronger rebound. Otherwise, outlook in GBP/CHF will stay bearish, and upside of the Pound could also be capped elsewhere. In Asia, at the time of writing, Nikkei is up 0.09%. Hong Kong HSI is down -0.42%. China Shanghai SSE is up 1.01%. Singapore Strait Times is up 0.33%. Japan 10-year JGB yield is up 0.004 at 0.239. |
