Dollar's pull back overnight was relatively short-lived as it regains some footing in Asian session today. Sentiments stabilized with US stocks closed higher yesterday, with NASDAQ staged a strong rebound. Treasury yields also retreated mildly. The auction of USD 58B in US 3-year notes was seen as well received, with bid-to-cover ratio at 2.69. But the bigger tests are the 10-year and 30-year auction today and tomorrow. Technically, Dollar is holding above near term minor support levels for now. Those levels include 1.1951 minor resistance in EUR/USD, 1.4016 minor resistance in GBP/USD, 0.9256 minor support in USD/CHF, 108.08 minor support in USD/JPY, and 1.2574 minor support in USD/CAD. More upside in the greenback remains mildly in favor for the near term. In Asia, Nikkei closed up 0.03%. Hong Kong HSI is up 0.16%. China Shanghai SSE is up 0.54%. Singapore Strait Times is down -0.99%. Japan 10-year JGB yield is down -0.004 at 0.126. Overnight, DOW rose 0.10%. S&P 500 rose 1.42%. NASDAQ rose 3.69%. 10-year yield dropped -0.050 to 1.546. |