Pip Diddy

Risk aversion kicked into high gear during the New York session, yet the safe-haven dollar barely took advantage despite higher U.S. bond yields.

U.S. bond yields turned higher during the morning London session, so risk aversion returned and the Greenback regained its mojo, while the Aussie and Kiwi were forced to return their gains and beat a hasty retreat.

There were no new catalysts to rock the markets, but that didn’t stop Asian session traders from taking on some risks despite their global growth concerns.

The Greenback found itself in negative territory as bond yields returned their earlier gains while Brexit deal optimism allowed sterling to get back on its feet.

The euro and the pound had another rough time during today’s morning London session. The Greenback and the yen, meanwhile, were in high demand, very likely because of the persistent risk-off vibes.

No top-tier data? No problem! Traders went back to pricing in their global growth concerns while the PBOC stepped up its efforts to weaken the yuan.

Not even the market holidays in the U.S. and Canada were able to stop major currencies from chalking up noteworthy moves, with the yen mainly taking advantage of risk-off action.

Both the euro and the pound were already feeling some bearish pressure earlier. And that bearish pressure only intensified during the session. The yen, meanwhile, was riding high as risk aversion persisted.

Strong data, Fed’s hawkish remarks, and higher bond yields propped up the dollar last week. Which factors can move it around this week?

Canada won’t be printing top-tier reports this week. So what could move the Loonie’s prices? Here’s a short list.