Pip Diddy

Comdoll traders shrugged off good trade data from Australia to price in higher Treasury yields from the U.S.

Dollar domination was the name of the game as it drew support from a combination of upbeat economic data, hawkish Fed remarks, and rising U.S. bond yields.

The Swissy was under pressure, thanks to the risk-friendly vibes in Europe. However, the Swissy was only in third-to-last place since the biggest losers of the session were actually the higher-yielding Aussie and Kiwi.

The euro was king of pips during the Asian session on speculations that the Italian government would bend its budget plans.

A bit of risk aversion was still in play throughout the New York session, but the dollar barely took advantage of safe-haven flows.

The pound and the Aussie were the biggest losers of the morning London session. The safe-haven currencies, meanwhile, were enjoying the risk-off vibes, with the Swissy coming out on top.

We’re starting to see mixed price action! Does this mean that the post-USMCA deal afterglow starting to fade?

The NAFTA replacement deal a.k.a. USMCA continued to enjoy the spotlight throughout the New York session, with the Loonie getting an additional boost from rising crude oil prices.

Trade-related optimism continued to fuel demand for the Loonie during the morning London session. The risk-on vibes in Europe, meanwhile, helped to push the safe-haven Swissy down.

Will the dollar dominate the forex scene again for another week this week? Here are the catalysts you should watch out for.