Pip Diddy

Trade jitters lingered for the first half of the New York session before risk appetite kicked into high gear late in the day on their mutual decision to hold off tariffs.

Most currency pairs were milling about in tight ranges during the morning London session. The session wasn’t a complete snooze fest, though, since EUR and GBP both showed weakness, while AUD was in recovery mode.

Another light trading for the major currencies, with the Aussie and Kiwi seeing the most volatility on China-related concerns.

Risk-taking propped up the higher-yielding Aussie and Kiwi while the pound joined the winners’ circle. The dollar and yen had a mixed run as the euro and franc found themselves lagging behind.

The higher-yielding Aussie and Kiwi were in strong demand during the morning London session, likely because of the commodities rally, risk-friendly vibes, and the broadly weaker Greenback. 

No data? No volatility! Thanks to a lack of fresh catalysts, the major currencies were mostly in tight ranges for most of the Asian session.

It was a pretty uneventful day in terms of economic releases, but other market happenings didn’t disappoint as these pushed U.S. bond yields and the dollar higher. 

Trading conditions were relatively subdued during the session. There were some notable themes, though, namely the Greenback’s recovery, the yen rally losing momentum, and the Aussie’s ongoing trip to the downside.

Uncle Sam is printing its quarterly GDP report this week! Will the Greenback regain its bullish momentum?

The Loonie danced to the tune of its major counterparts last week. Will the comdoll see uniform price action this time around?