Euro softens broadly today after ECB delivered 75bps rate hike as widely expected. President Christine Lagarde delivered no specially hawkish message that could give Euro another lift. On the down hand, Dollar is recovering, with some help from better than expected GDP data. But the greenback remains the worst performed followed by Canadian and Swiss Franc. Sterling is the leader. Technically, EUR/CHF's retreat now suggests that a temporary top is in place at 0.9953, just ahead of parity. Some consolidations could be seen. But another rise will remain in favor as long as 0.9798 resistance turned support holds. Rise from 0.9407 should still resume at a later stage. In Europe, at the time of writing, FTSE is up 0.17%. DAX is up 0.05%. CAC is down -0.30%. Germany 10-year yield is down -0.102 at 2.014. Earlier in Asia, Nikkei dropped -0.32%. Hong Kong HSI rose 0.72%. China Shanghai SSE dropped -0.55%. Singapore Strait Times rose 0.23%. Japan 10-year JGB yield dropped -0.0055 to 0.253. |