 Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite strong inflation data. The picture will depend on whether stock markets in the US could extend Friday's strong rebound, in sustainable way. Technically, EUR/USD's break of 1.0121 minor resistance suggests that a short term bottoming is formed at 0.9951, after defending parity. Further rebound is in favor towards 1.0348 support turned resistance. Such development could also help GBP/USD through 1.2055 minor resistance and AUD/USD through 0.6873 minor resistance to confirm short term bottoming. Let's see. In Europe, at the time of writing, FTSE is up 0.99%. DAX is up 0.82%. CAC is up 1.05%. Germany 10-year yield is up 0.0885 at 1.221. Earlier in Asia, Japan was on holiday. Hong Kong HSI rose 2.70%. China Shanghai SSE rose 1.55%. Singapore Strait Times rose 0.73%. | 
