Dollar weakens again in rather quiet markets today. But there is no committed selling so far, as the greenback is staying inside yesterday's range. European majors also soften, on lockdown concerns, and shrug of solid German economic data. Commodity currencies are stronger in general, even though risk markets are rather sluggish. US futures are pointing to a slightly lower open, and could extend yesterday's pull back. Technically, there is no clear development yet. We're still watching if EUR/JPY and GBP/JPY would break through 125.92 and 139.44 support to bring deeper near term decline. USD/CHF and USD/JPY are staying in near term decline but momentum is unconvincing. EUR/USD and AUD/USD are also appearing to be topping in near term, yet there is no notable pull back yet. Gold's picture is relatively much clearer as it's on track to 1965.50 resistance. In Europe, FTSE is currently down -0.13%. DAX is down -0.75%. CAC is down -0.83%. German 10-year yield is up 0.0151 at -0.590. Earlier in Asia, Nikkei dropped -0.37%. Hong Kong HSI rose 0.64%. China Shanghai SSE rose 0.73%. Singapore Strait Times rose 0.03%. Japan 10-year JGB yield dropped -0.0076 to 0.015. |