Dollar surged overnight after Fed Chair Jerome Powell was nominated for a second term by US President Joe Biden. The greenback stays firm in Asian session and is ready to extend its near term rally. On the other hand, New Zealand Dollar is trading notably lower, as traders are probably pricing out the chance of an aggressive 50bps RBNZ hike later in the week. Yen is also soft, following rebound in global benchmark treasury yields. Technically, EUR/USD is starting to trade comfortably below 1.13 handle, but there is no clear downside acceleration yet. But the greenback does progress with upside breakout in USD/JPY. Gold's sharp decline also affirms the underlying momentum of Dollar. A focus for the week is whether Gold's selloff is enough to push it through 1800 handle, for at least a test on 1757.84 support. In Asia, at the time of writing, Hong Kong HSI is down -1.08%. China Shanghai SSE is up 0.38%. Singapore Strait Times is down -0.12%. Japan is on holiday. Overnight, DOW rose 0.05%. S&P 500 dropped -0.32% after hitting new record at 4743. NASDAQ also dropped -1.26% after hitting new record at 16212. 10-year yield rose 0.089 to 1.625. | 