 Dollar's recovery is starting pick up momentum in early US session, as risk off sentiment deepens. The development is reflected in broad based selloff in Australian and New Zealand Dollar. Sterling is also weak as mild reaction to UK's new budget statement. Canadian Dollar and Euro are the firmer ones next to Dollar, while Yen and Swiss Franc are mixed. Technically, as Sterling dips, focus is back on 0.8827 resistance in EUR/GBP. Break there will resume larger rebound from 0.8570. Further break of 0.8869 resistance will pave the way to retest 0.9267 high. That, if happens, could add further pressure to the Pound elsewhere. In Europe, at the time of writing, FTSE is down-0.71%. DAX is down -0.54%. CAC is down -1.15%. Germany 10-year yield is up 0.033 at 2.031. Earlier in Asia, Nikkei dropped -0.35%. Hong Kong HSI dropped -1.15%. China Shanghai SSE dropped -0.15%. Singapore Strait Times rose 0.61%. Japan 10-year JGB yield rose 0.0034 to 0.249. | 
