Pip Diddy

Poor domestic data and a weak Chinese yuan dragged the Aussie near the bottom of the heap last week. Will the Aussie have a chance at redemption this week?

The Kiwi finally broke its losing streak last week. Will this lead to more gains for the comdoll this week?

Directional movement was a bit lacking during the session. However, risk sentiment did switch back to risk-off, which gave the yen a boost. Aside from the yen, the pound was also on the move… to the downside.

There were no top-tier reports printed during the Asian session, so market players focused on the upcoming meeting between the U.S. and China.

Risk appetite extended its stay, lifting the higher-yielding Aussie and Kiwi, as trade talks between the U.S. and China were set for next week.

Risk-taking persisted during the session, so the Aussie was able to add a bit more to its gains. The Aussie did lose some ground against the Greenback, though. The pound, meanwhile, was down in the dumps.

Asian session market players got busy buying higher-yielding assets after China announced a possible (positive) development in the U.S.-China trade war.

Risk-off vibes lingered for the most part of the New York session, allowing the lower-yielding yen and franc to stay on top.

Today’s morning London session was rather busy, with plenty of themes playing out. And the most notable themes are the sustained safe-haven demand for USD and JPY. Other than those, the Loonie’s slide is also noteworthy.

Further declines in the Turkish lira and Chinese yuan fanned risk aversion in the market and dragged higher-yielding bets lower across the board.