Pip Diddy

The Greenback had another good run today. The comdolls gave the Greenback a challenge, though, especially the Loonie. The euro, meanwhile, got swamped by sellers after the ECB’s meeting minutes were released.

With no fresh catalyst to price in, Asian session market players took cues from their U.S. counterparts.

The Greenback held on to its spot as the king of pips throughout the U.S. session, lifted by safe-haven demand and positive data.

The Greenback crushed all opposition during the morning London session, which forced the Kiwi and Aussie to extend their losses. And oddly enough, the safe-haven Swissy was also taking hits from its peers.

Another day, another chance to price in trade war-related headlines! Here’s how the U.S.’ latest move affected the Asian markets.

Another round of risk-on moves were seen on Wall Street, but the gains were subdued as market participants also worried about  U.S. tariffs on China.

There were plenty of themes during the session, but the major theme appears to be the Greenback’s recovery. There were also other themes, namely AUD and NZD getting crushed, CAD’s strength and GBP’s wobbly rise.

Asian session traders took cues from their U.S. counterparts to take on more risky assets as they move away from the global trade war rhetoric.

Just when it seemed the British pound was finding its bearings, it suffered another wipe out on news of U.K. Foreign Secretary Boris Johnson’s resignation.

The pound, the Kiwi, and the Aussie were in a three-way race during the session, with the Kiwi ultimately coming out on top. The Greenback, meanwhile, quietly slipped broadly lower, except against the Swissy.