The foreign exchange are mostly stable today, with major currency pairs and crosses staying confined within the boundaries set yesterday. Both Sterling and Euro have had a lackluster week, emerging as the weakest performers. US Dollar, while subdued, still fares better, positioned ahead of Canadian Dollar as the third least impressive for the week. In an unexpected turn, Australian Dollar has taken the lead as this week's strongest contender, with New Zealand Dollar following closely. Yen, meanwhile, is mixed amidst these shifts. Today's economic docket is relatively thin, spotlighting only US jobless claims and durable goods orders. However, neither is anticipated to induce significant market ripples. Instead, all eyes are glued to the unfolding developments at the Jackson Hole Symposium. On the technical front, the Dollar's momentary surge from yesterday lost momentum just as swiftly. Yet, the greenback hasn't witnessed any pressing sell-off. As long as 1.0929 minor resistance in EUR/USD and 1.2817 in GBP/USD hold, further rally is expected in the greenback. Break of 1.0861 and 1.2613 temporary lows will suggest Dollar buyers are back in. In Asia, Nikkei closed up 0.87%. Hong Kong HSI is up 1.87%. China Shanghai SSE is up 0.18%. Singapore Strait Times is up 0.28%. Japan 10-year JGB yield is down -0.0158 at 0.662. Overnight, DOW rose 0.54%. S&P 500 rose 1.10%. NASDAQ rose 1.59%. 10-year yield dropped -0.13 to 4.198. |