Dollar recovers mildly in early US session, following slight weakness in risk sentiments. Additionally, stronger than expected personal income and spending are providing some support too. Still, the greenback remains the worst performing one for the week. There is prospect of Yen, Aussie or Kiwi overtaking Dollar as biggest loser, but we'll see. Meanwhile, Sterling is staying as the strongest one, followed by Swiss Franc. Technically, the rally is EUR/USD is a bit disappointing as it still couldn't get rid of 1.1880 resistance cleanly. At the same time, Gold also appears to rejected by 1833.91 resistance too, as it fails to resume rise from 1750.49. The greenback sellers might retreat for now and wait for another chance next week. In Europe, at the time of writing, FTSE is down -0.72%. DAX is down -0.68%. CAC is up 0.02%. Germany 10-year yield rose 0.0035 to -0.443. Earlier in Asia, Nikkei dropped -1.80%. Hong Kong HSI dropped -1.35%. China Shanghai SSE dropped -0.42%. Singapore Strait Times dropped -0.43%. Japan 10-year JGB yield dropped -0.0018 to 0.020. |
