Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering the highly anticipated rate hike tomorrow, as the country returned to pandemic lockdown. Fresh selling is also seen in Euro and Sterling, we markets enter into US session. Technically, NZD/JPY is now eyeing 75.25 support with today's steep fall. Break there will resume the corrective decline from 80.17, to 38.2% retracement of 59.49 to 80.17 at 72.27. Theoretically, such development should also come with break of 0.6879 in NZD/USD, to resume the fall from 0.7463. In Europe, at the time of writing, FTSE is up 0.22%. DAX is down -0.09%. CAC is down -0.45%. Germany 10-year yield is down -0.013 at -0.478. Earlier in Asia, Nikkei dropped -0.36%. Hong Kong HSI dropped -1.66%. China Shanghai SSE dropped -2.00%. Singapore Strait Times dropped -0.86%. Japan 10-year JGB yield dropped -0.0071 to 0.009. |
