Pip Diddy

High-yielding currencies extended their gains after EU members agreed on a migration deal after tense rounds of negotiations.

Dollar dominance was the name of the game, as the U.S. currency managed to brush aside downbeat Fed remarks and a GDP downgrade.

The euro was the one currency to rule them all during the session. The higher-yielding Kiwi, meanwhile, was the one currency that got trampled by all as risk aversion plagued Europe.

There were no fresh catalysts during the Asian session, so market players had plenty of time to price in the U.S.’ stance on restricting Chinese investments.

Wall Street slumped back into negative territory but the U.S. dollar managed to outpace it peers as safe-haven demand picked up. 

The yen ended up at the bottom of the forex heap, thanks to a positive trade-related rumor. The trade-related news caused all the comdolls to jump higher, though, with the Aussie claiming the top spot.

Risk aversion reigned supreme during the Asian session, as traders price in the possibility of China preparing for a “full-scale” trade war.

U.S. stocks and the dollar were able to breathe a sigh of relief as the Trump administration showed signs of easing up on trade restrictions.

The pound got stomped broadly lower when BOE’s Haskel revealed that he may have some dovish feathers. The pound was not the weakest currency of the session, though. The yen, meanwhile, claimed the top spot.

Another day, another chance to price in global trade concerns! Risk-taking remained shaky during the Asian session though equities didn’t quite fall as sharply as their U.S. counterparts did.