Pip Diddy

After getting whupped earlier, the euro staged a broad-based recovery during the session. The Swissy, meanwhile, was the worst-performing currency despite the risk-off vibes in Europe.

There were no fresh catalysts on the docket, so Asian session traders mostly took cues from the previous trading sessions and priced in their bets ahead of today’s events.

The Greenback tossed and turned during the FOMC announcement as the statement was initially thought to be a dovish hike before Powell clarified their policy stance during the presser.

The Greenback caught a bid and was the top-performing currency of the morning London session. The Swissy, meanwhile, found itself at the very bottom of the forex heap.

The Kiwi was king of pips thanks to a positive (or at least less negative) data release from New Zealand. Meanwhile, risk appetite boosted the Aussie along with the New Zealand dollar.

U.S. consumer confidence surged to its highest level since the year 2000 yet dollar bulls seem to be treading carefully ahead of the FOMC decision.

The pound was the top-performing currency of the session yet again. The euro, meanwhile, was kicked lower after Praet tried to play down Draghi’s comments. Dip demand allowed the euro to quickly recover, though.

Not a lot of fresh catalysts rocked the market boats, but the return of Asia-based traders as well as themes from the previous session livened up volatility in the last couple of hours.

Draghi wasn’t his usual downbeat self during his latest testimony, with his relatively upbeat remarks on inflation spurring a pop higher for the euro.

The pound extended its recovery from the earlier Asian session, thanks to comments from Raab. The euro and the yen are also noteworthy since the former finished in second place, while the latter lagged behind the rest.