Pip Diddy

Risk appetite extended its stay throughout the U.S. session, lifting a couple of stock indices to new record highs and pulling safe-havens back.

The pound got a lift from the get-go, thanks to easing Brexit-related jitters. However, the pound would later strap on and ignite its booster rockets when the U.K.’s retail sales report surprised to the upside.

There were not a lot of fresh catalysts during the Asian session, so some traders took advantage and took profits ahead of today’s top-tier events.

Risk-on vibes from the earlier trading session carried on throughout U.S. hours, lifting the commodity currencies even higher.

The pound jumped higher across the board early on, thanks to the U.K.’s better-than-expected CPI report. However, GBP bears returned with a vengeance after a Brexit-related rumor began to make the rounds.

Risk-taking was the name of the game during the Asian session, as softer-than-expected tariffs and the easing of yuan devaluation concerns encouraged the bulls to party in the streets.

Dollar price action was mixed, but the comdoll gang was able to put up a good fight despite retaliatory trade measures from China.

The Aussie and Kiwi were forced to give back some of their gains, likely because of the returning risk-off vibes. And while all the safe-haven currencies did well, it was the euro that claimed the top spot.

What tariffs? Asian session forex traders shrugged off the latest round of U.S. tariffs on Chinese goods in favor of pricing in currency-specific catalysts.

The North American currencies, namely the Greenback and the Loonie, found themselves at the bottom of the forex pile on account of trade troubles.