Pip Diddy

Not a lot of data on tap from Japan this week, so the yen will most likely take its cues from risk sentiment.

Improved market sentiment saved the Aussie from the pits last week. Can this week’s catalysts extend its gains?

Kiwi took the top spot among the major currencies last week. Can the bulls extend their run this week? Let’s look at its top catalysts!

The U.S. dollar takes it to the chin this week after Federal Reserve Chair Jerome Powell signals a rate cut is likely at the next FOMC meeting. 

It was mostly a quiet week for the British pound with a lack of major Brexit or economic updates, but it was enough to continue the pressure on Sterling against the majors by the end of the week 

The euro ends the week as a net loser as weak economic updates and a dovish ECB meeting minutes shifts sentiment to the negative, while the Swiss franc benefited greatly from U.S. dollar weakness

The Loonie was a choppy mess on the week thanks to the slight shift in sentiment by the BOC versus counter currency influences, especially the weak Greenback. 

The New Zealand dollar takes the crown this week thanks mainly to a swing positive in global risk sentiment and to U.S. dollar weakness after the Fed Chair signals a rate cut soon

The Aussie recovers from early week damage due to weak Australian updates, thanks to a big hit to the Greenback and a rise in global risk sentiment

It was a choppy and relatively low volatility week for the Japanese yen, with most intra-week moves mainly driven by counter currency moves, especially the U.S. dollar.