Pip Diddy

Fed head Yellen and her fellow FOMC policymakers seemed optimistic that the U.S. can weather the economic headwinds from the hurricanes, setting the date for the runoff and reviving rate hike expectations for December.

Directional movement was in short supply as forex traders waited for the FOMC statement. Even so, comdolls were getting some buyers, especially the Kiwi.

Forex volatility was limited during the Asian session, as traders stay in the sidelines ahead of the much-awaited FOMC statement.

The majors seem to have reached for that extra cup of coffee during the New York trading session as price action was a little more jumpy than usual.

Price action was choppy during the session. Even so, there was some action since GBP and CHF were in a race to the bottom. EUR, meanwhile, found sellers later because of rumors.

The yen lost a couple more pips against its major counterparts while the Greenback saw mixed price action ahead of the September FOMC statement.

The pound and the Loonie pulled back from their recent rallies when BOE head honcho Carney and BOC policymaker Lane gave their testimonies. Here’s what they had to say.

GBP retreated during the session, as BOE Guv’nah Carney’s speech loomed. CHF, meanwhile, was in demand despite the risk-on vibes.

Not a lot of data on the docket today, but that didn’t stop Asian session traders from buying up high-yielding currencies!

Pound domination and yen weakness were the main themes this week. So, what drove forex price action? And what about the other currencies? How did they fare this week?