Dollar's decline accelerates today on improving risk sentiment and pull back in treasury yields. Aussie is gaining most so far but Yen catching up quickly. Euro is struggling to extend the post-ECB rally, as dragged down by selloff in crosses, in particular against Swiss Franc. Canadian Dollar turned weaker after huge employment miss. Technically, EUR/CHF's fall form 0.9684 extends lower today and outlook is unchanged. That is, corrective rebound from 0.9550 has completed and larger down trend is ready to resume. Retest of 0.9550 should be seen next and break of confirm this bearish view. For now, USD/CHF is also diving after prior rejection by 0.9884 resistance. If EUR/CHF could hold firm above parity, down trend resumption in EUR/CHF would mean steeper decline in USD/CHF. In Europe, at the time of writing, FTSE is up 1.47%. DAX is up 1.39%. CAC is up 1.48%. Germany 10-year yield is down -0.041 at 1.688. Earlier in Asia, Japan 10-year JGB yield rose 0.53%. Hong Kong HSI rose 2.69%. China Shanghai SSE rose 0.82%. Singapore Strait Times rose 0.91%. Japan 10-year JGB yield dropped -0.0008 to 0.251. |