Pip Diddy

Risk-taking persisted into the morning London session, allowing the comdolls to extend their gains, with the Aussie coming out on top. The risk-friendly environment wasn’t too friendly to the safe-haven yen, however. 

No fresh catalysts? No problem! Risk-takers came out to play, boosting AUD and NZD as well as the Asian bourses in the last couple of hours.

After spending the previous session in the red, the euro made a bit of a bounce when the attention shifted to the Greek debt relief deal. Meanwhile, Iran’s OPEC standoff dragged the Loonie down.

The pound had a weak start but it fired its booster rockets and surged across the board, thanks to the BOE’s hawkish surprise. Italy-related worries, meanwhile, apparently gave the euro a good whipping.

Risk-taking was a mixed bag of beans, as receding trade war concerns got mixed in with a bit of profit-taking ahead of this week’s major events.

For a pretty eventful day with central bank heads speaking and U.K. PM May scoring a victory in parliament, price action in the forex market was relatively calm.

The yen dominated its peers despite some risk-taking at the start of the session. The Kiwi, meanwhile, showed weakness from the get-go.

Traders took a chill pill from yesterday’s moves, as a lack of fresh catalysts inspired some investors to buy the dip on several assets.

The lack of major market catalysts left price action subdued but there were still some noticeable safe-haven flows to the yen and franc.

The Greenback found buyers across the board and is now winning out against most of its peers. The euro and the pound, meanwhile, got swamped by sellers and were broadly lower.