 Dollar might finally be committing to a rally after stronger than expected retail sales data. Consumer markets appeared to remain robust despite persistently high inflation. Talks of a higher terminal rate for Fed is also growing. On the other hand, Sterling was knocked down earlier today after lower than expected CPI reading, in particular against Euro and Swiss Franc, which were the second and third strongest for the day. Yen is not performing too well considering widening yield gap with US and Europe, but selloff someone slowed against others. Technically, AUD/USD would be a focus leading up to tomorrow's Australia job data. Current development suggests that correction from 0.7156 is ready to resume. Break of 0.6854 will target 38.2% retracement of 0.6169 to 0.7156 at 0.6779. Strong support could be seen from 0.6721 to bring rebound. However, it might start to feel a bit vulnerable should tomorrow's data disappoints. In Europe, at the time of writing, FTSE is up 0.09%. DAX is up 0.52%. CAC is up 0.99%. Germany 10-year yield is down -0.001 at 2.439. Earlier in Asia, Nikkei dropped -0.37%. Hong Kong HSI dropped -1.43%. China Shanghai SSE dropped -0.39%. Singapore Strait Times dropped -1.13%. Japan 10-year JGB yield rose 0.0027 to 0.507. | 
