Dollar turns slightly softer in early US session even though non-farm payroll report came in slightly better than expected. Yen is also weak on rising benchmark global yields. On the other hand, Euro jumps broadly as supported by hawkish comments from ECB officials. As for the week, Aussie and Euro are now the strongest ones while Sterling and Swissy are the weakest. Technically, EUR/CHF finally breaks through 1.0400 resistance today, after brief set back. Rebound from 0.9970 is resuming for 1.0610 structural resistance next. The development could help lift Euro against others. In particular, EUR/GBP is on track to 0.8697 medium term fibonacci level. In Europe, at the time of writing, FTSE is down -0.77%. DAX is down -0.92%. CAC is down -0.99%. Germany 10-year yield is up 0.038 at 1.086. Earlier in Asia, Nikkei rose 0.69%. Hong Kong HSI dropped -3.81%. China Shanghai SSE dropped -2.16%. Singapore Strait Times dropped -1.55%. Japan 10-year JGB yield rose 0.0153 to 0.230. |