The Dollar Index continues to remain ranged within 104.50-103.60 region.
Good Morning! Watch US NFP and Unemployment data releases scheduled today. Euro tested 1.09 as expected before coming down.
and USDJPY are moving higher within their respective ranges of 168-170 and 154-156.50. may remain stable below 7.25. Aussie and Pound are trading below their crucial resistance of 0.67 and 1.28 respectively and can soon dip if a break past it is not seen. is headed back to 91-91.25 but while below 91.25, it can trade within 89.50-91.25 region.
is likely to sustain trade within 83/83.20-83.60 region. The US Treasury yields remain stable. The yields have room to fall further from here in the coming days. The German yields have bounced slightly. The broader trend remains up. But an intermediate fall is still alive before a rise happens. The ECB cut their policy rates by 25 bps as was widely expected by the market. The 10Yr and the 5Yr GoI have come down further. They are back into their earlier sideways range and can fall within it.
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