| Global Interest Rates | |||
Australia |
5.25% | ||
Canada |
2.25% | ||
EMU |
3.25% | ||
Japan |
0.3% | ||
Swiss |
1% | ||
England |
3% | ||
US |
1% | ||
Although dollar has retreated after rising to a marginal high yesterday at 107.16 and minor consolidation below there would be seen, reckon previous support at 105.97 would limit downside and yield a rebound later, however, a break above said resistance is needed to confirm upmove from 103.77 has resumed and extend gain towards 107.50.
On the downside, below 105.70/80 would signal temporary top is in place and risk stronger correction towards 105.29 (previous resistance).
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