Dollar declines sharply after US data showed consumer inflation slowed notably in December as expected. The development reinforces expectation for Fed to further slowdown tightening in February with a 25bps hike. Yen is so far the strongest one for the day, as lifted by decline in US and European benchmark yields. Australian Dollar is leading commodity currencies higher on risk-on sentiment. European majors, while up against the greenback, is lagging behind. Technically, Gold also jumps on Dollar selloff and it's now having sight on 1900 handle. Sustained break there will pave the way to 161.8% projection of 1616.51 to 1786.63 from 1728.48 at 2004.05. However, break of 1866.94 support will be the first sign of topping, which could be a signal for Dollar bottoming too. In Europe, at the time of writing, FTSE is up 0.81%. DAX is up 0.68%. CAC is up 0.89%. Germany 10-year yield is down -0.079 at 2.095. Earlier in Asia, Nikkei rose 0.01%. Hong Kong HSI rose 0.36%. China Shanghai SSE rose 0.05%. Singapore Strait Times dropped -0.11%. Japan 10-year JGB yield dropped -0.0005 to 0.505. |