Pip Diddy

Risk-off vibes lingered for the most part of the New York session, allowing the lower-yielding yen and franc to stay on top.

Today’s morning London session was rather busy, with plenty of themes playing out. And the most notable themes are the sustained safe-haven demand for USD and JPY. Other than those, the Loonie’s slide is also noteworthy.

Further declines in the Turkish lira and Chinese yuan fanned risk aversion in the market and dragged higher-yielding bets lower across the board.

Dollar domination was in play for the most part of the session, but the Loonie overtook its North American rival in the race to the top.

GBP was kicked broadly lower after the U.K.’s latest jobs report was released. Meanwhile, the euro and the Swissy parted ways since the euro was pummeled by sellers but the Swissy found enough buyers to outpace the yen.

It was a mixed week for Asian session forex players, as traders reverse some of yesterday’s moves while weak Chinese data limited risk-taking.

Fears of contagion continued to weigh on risk sentiment for the most part of the session, although major pairs cruised in smaller ranges on the lack of top-tier catalysts.

JPY took some hits and was the worst-performing currency of the session, and USD was initially the main beneficiary of JPY’s tumble. However, EUR later dethroned USD. And EUR, in turn, was eventually outpaced by GBP.

Another week, another chance to trade the Greenback! Let’s take a look at the catalysts that might move the scrilla over the next couple of days.

Not a lot of data scheduled from Canada this week, which means looking at other catalysts for direction. Which way will the Loonie go?