Dollar and Yen are striking back on mild risk-off sentiment while Commodity currencies are paring some gains too. Eyes will be on the meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling. A final agreement on raising the debt limit is not expected today, but any rhetorics will be closely scrutinized, especially by American stocks and bonds investors. Euro continues to be under broad based pressure today, shrugging off hawkish comments from ECB policymakers. Though, for now, Swiss Franc is slightly worse. Sterling is regaining some ground, with weak momentum, with traders largely holding their bets ahead of BoE rate decision and economic projections later this week. Technically, AUD/USD retreats just ahead of 0.6804 resistance. Break of 0.6716 support will turn near term bias back to the downside back towards 0.6563 low. Meanwhile, USD/CAD also recovers ahead of 1.3299 support. Reversal in risk sentiment could list USD/CAD back towards 1.3668 resistance. In Europe, at the time of writing, FTSE is down -0.44%. DAX is down -0.38%. CAC is down -0.97%. Germany 10-year yield is down -0.0074 at 2.322. Earlier in Asia, Nikkei rose 1.01%. Hong Kong HSI dropped -2.12%. China Shanghai SSE dropped -1.10%. Singapore Strait Times dropped -0.45%. Japan 10-year JGB yield rose 0.0121 to 0.425. |