 Dollar is recovering some ground today but stays below yesterday's high in general, consolidations continue. Overall trading in subdued with major pairs and crosses suck inside yesterday's range. Kiwi and Aussie are on the softer side while the greenback and Yen are firmer. European majors are also weak but there is no follow through selling. Traders are apparently holding their bets before Jackson Hole. Technically, while DOW's pull back this week is steep and deep, it's holding above 55 day EMA as well as 32387.12 support so far. There is no serious threat to the rally from 29653.29 yet. A bounce from current level could set the base for another rise, probably after Fed Chair Jerome Powell's comments at Jackson hole. However, firm break of 32387.12 will argue that the near term move has reversed fro another take on 30k handle. In Europe, at the time of writing, FTSE is down -0.41%. DAX is up 0.01%. CAC is up 0.12%. Germany 10-year yield is up 0.0585 at 1.378. Earlier in Asia, Nikkei dropped -0.49%. Hong Kong HSI fell -1.20%. China Shanghai SSE lost -1.86%. Singapore Strait Times declined -0.39%. Japan 10-year JGB yield rose 0.0022 to 0.224. | 
