 The markets have turned a bit mixed last week and have likely entered into a near term consolidative mode already. Dollar ended broadly lower even though traders continued to add their bet on a Fed rate hike next year. Indeed, the odds for a hike by June is now higher than not. Canadian Dollar was worse despite oil's persistent strength. Yen was recovering while Swiss Franc strengthened with rising treasury yields in the background. Germany 10-year yield hit at -0.1% finally and Japan 10-year JGB yield was on track to 0.1% handle. US stocks also hit new record highs, even though the breakouts weren't clean. New Zealand Dollar was the strongest on increasing expectation of another imminent RBNZ hike, but buying didn't follow through. | 
