Euro drops broadly today after slightly weaker than expected German sentiment. Bundesbank also warned of significantly lower growth in Germany in Q4. Swiss France is following as second weakest. Yen is also soft following rally in major global treasury yields. On the other hand, Aussie is currently the strongest for today, followed by Dollar. Technically, attention is now on whether Euro's selloff would result in broad based decline resumption. In particular, levels to watch include temporary lows in EUR/GBP at 0.8420, in EUR/AUD at 1.5456, and in EUR/CAD in 1.4317. Meanwhile, break of 1.1571 minor support in EUR/USD and 0.9251 minor resistance in USD/CHF could be signs of come back in Dollar. But that's still a bit far for now. In Europe, at the time of writing, FTSE is up 0.32%. DAC is up 0.32%. CAC is down -0.16%. Germany 10-year yield is up 0.0124 at -0.088. Earlier in Asia, Nikkei dropped -0.71%. Hong Kong HSI rose 0.02%. China Shanghai SSE rose 0.76%. Singapore Strait Times dropped -0.10%. Japan 10-year JGB yield rose 0.0030 to 0.101. |