Dollar is lifted mildly after stronger than expected core PCE inflation reading. But overall markets are relatively quite in quarter-end trading. Sterling is still keeping its place as the strongest one for the week, but rebound appears to be losing some momentum. Euro is following as second, and then Swiss Franc. Yen is among the worst performers with commodity currencies. The question is whether risk aversion could give Dollar and Yen a lift in the final hours. Technically, Euro's rebound is also momentum as seen in both EUR/USD and EUR/JPY. There's just isn't enough follow through buying to push the pairs through 0.9863 and 142.28 resistance respectively. Rejection by these levels, followed by a reversal, will keep near term outlook bearish for another fall through this week's lows, at a later stage. In Europe, at the time of writing, FTSE is down -0.15%. DAX is up 0.27%. CAC is up 0.38%. Germany 10-year yield is down -0.089 at 2.089. Earlier in Asia, Nikkei dropped -1.83%. Hong Kong HSI rose 0.33%. China Shanghai SSE dropped -0.55%. Singapore Strait Times rose 0.49%. Japan 10-year JGB yield dropped -0.0074 to 0.252. |