Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, but looks rather vulnerable into US session. Indeed the greenback is probably ready to power up again, including against commodity currencies and even Yen. Technically, EUR/CAD will be a focus as it's heading back to 1.3517 temporary low. Firm break there will resume larger down trend to 161.8% projection of 1.5096 to 1.4162 from 1.4633 at 1.3122. At the same time, break of 1.4687 support in EUR/AUD will also bring retest of 1.4318 low, and solidify Euro's selloff against commodity currencies. In Europe, at the time of writing, FTSE is up 0.57%. DAX is up 0.08%. CAC is up 0.26%. Germany 10-year yield is down -0.031 at 0.787. Earlier in Asia, Nikkei dropped -1.17%. Hong Kong HSI rose 0.06%. China Shanghai SSE rose 2.49%. Singapore Strait times dropped -0.04%. Japan 10-year JGB yield rose 0.0026 to 0.250. | 