Pip Diddy

Can risk aversion extend its stay in the markets this week? If so, the euro and franc might be poised for yet another set of rallies! Here’s what’s up.

The yen’s tight ranges were disrupted by last Friday’s trade-related headlines. Will the theme continue to dominate price action this week?

Aussie’s quiet price action was rocked by trade-related headlines near the end of last week. Which themes will move the comdoll this week?

Strong data got nothing on rate cut speculations and risk aversion last week! Can the bulls take some of their pips back this week?

The Jackson Hole Summit was the main focus that kept Dollar traders at bay this week, but that all shifted last minute as the U.S.-China trade war intensified on Friday, resulting in a mixed performance for the Greenback.

Sterling was the currency to rule them all this week on comments from German Chancellor Merkel & off of U.S. dollar weakness sparked by a late week negative turn in the U.S.-China trade war story. 

Mixed but positive week for the euro on weak economic updates vs. semi-positive Brexit rhetoric, while the franc clawed back from negative territory after global geopolitical risk flares up on Friday!

The Canadian dollar had a choppy week, but ended up net negative as surprise geopolitical events that sent the Loonie and oil sliding lower into the weekend.

No love for the Kiwi this week despite a string of arguably net positive updates from New Zealand, likely culprit due to continued expectation of further cuts, and a fresh round of global risk aversion sentiment that went into over drive on Friday. 

The Aussie dollar spent much of the quiet week in slightly positive territory until fresh U.S.-China trade war developments sent the Aussie into the red against the other major currencies.