Pip Diddy

A pretty busy session for forex traders, which saw the high-yielders bow down to their lower-yielding counterparts on extensions of previous sessions’ risk-averse themes.

Risk aversion seemed to peek back in the markets on lingering geopolitical risks while crude oil and the Loonie dipped on OPEC commentary.

The euro and the pound both jumped broadly higher when the morning London session rolled around. The Kiwi and the Greenback, meanwhile, were getting swamped by sellers and were the worst-performing currencies of the session.

There were no major economic reports printed during the Asian session, so some traders took the opportunity to take profits from yesterday’s strong moves.

A bit of risk appetite peeked back in the financial markets on a trade truce between the U.S. and China, as well as downplayed tightening forecasts.

There were a few themes that were playing out during the session. And most notable among these are the euro’s broad-based rise and the Greenback’s slide. Steady demand for the Aussie and Kiwi were also notable. 

Will this week’s FOMC meeting minutes boost U.S. Treasury yields to new notable highs? More importantly, how much will its price movements affect the dollar?

The Loonie ended its winning streak on shaky risk sentiment. Which factors could influence the comdoll’s direction this week?

Risk-taking was the name of the game during the Asian session, as traders reacted to a better-than-expected outcome from last weekend’s negotiations between the U.S. and China’s trade representatives.

Not even downbeat jobs data and resurfacing Brexit jitters were enough to dampen the pound’s spirits in the previous week. Can it keep holding its ground with major events lined up?