Dollar regained some ground in European session, as assisted by mild pull back in stocks. The greenbacks stay firmer into US session as jobless claims data showed continuing improvement. Sterling is also stronger today after BoE policymaker Michael Saunders' hawkish comments. On the other hand, commodity currencies are trading lower, as led by pull back in New Zealand Dollar. But overall, most pairs are just range bound, while a firm direction is awaited. Technically, developments remain rather indecisive. We'll keep an eye on commodity currencies today. USD/CAD might be trying to retest 1.2589 resistance as Dollar rebounds elsewhere. Break will resume whole rebound from 1.2005. Also, AUD/USD looks set to retest 0.7408 low. Firm break there will resume whole fall from 0.8006. In Europe, at the time of writing, FTSE is down -0.69%. DAX is down -0.88%. CAC is down -0.74%. Germany 10-year yield is down -0.0068 at -0.326. Earlier in Asia, Nikkei dropped -1.15%. Hong Kong HSI rose 0.75%. China Shanghai SSE rose 1.02%. Singapore Strait Times dropped -0.42%. Japan 10-year JGB yield dropped -0.0061 to 0.014. |