Pip Diddy

The Kiwi broke its winning streak last week. Will this week’s catalysts bring it back to the winners’ table?

Risk aversion persisted during the morning London session, so demand for the yen was sustained while the higher-yielding Aussie and Kiwi continued to take hits, with the Aussie getting the worst of it.

Traders mostly shrugged off positive Chinese data, believing that global trade frictions will eventually weigh on economic growth.

Riskier assets once again found themselves on the back foot as Trump’s threat to impose another round of tariffs on China dampened the positive mood from the past few days.

The pound pared some of its gains from yesterday and was the worst-performing currency of the session. The yen, meanwhile, was the winner of the session, likely because of the risk-off vibes in Europe.

The Aussie and Kiwi took the brunt of a bit of profit-taking after Asian session traders shrugged off positive trade developments seen in the previous sessions.

This week seems to be all about putting rivalries aside! Word through the forex grapevine is that the EU is ready to offer the U.K. a Brexit deal unlike any other.

The Aussie and the euro extended their slide from the earlier Asian session. And they were joined in the losers’ club by the Loonie. The pound, meanwhile, caught a bid and steamrolled its peers to claim the top spot.

Ho-hum. With no fresh catalysts to price in, Asian session market traders took cues from their previous sessions’ counterparts.

The dollar managed to get a reprieve from its slide thanks to strong consumer confidence data and higher US bond yields.