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U.S. bond yields climbed even higher so the Greenback also extended its gains. The Loonie, meanwhile, was feeling some bearish pressure, likely because of the slide in oil prices.

The Aussie and Kiwi took more hits as higher bond yields from other major economies put downward pressure on the high-yielding comdolls.

Resurfacing geopolitical risks weighed heavily on risk sentiment after U.S. President Trump talked about reinstating sanctions on Iran. On Wall Street, another slump in the tech sector dragged equity indices significantly lower.

Bond yields fell during the morning London session, so USD was forced to retreat as well. AUD and NZD, meanwhile, were both in demand and were the top-performing currencies of the session.

It was a pretty quiet day data-wise for the Asian session players, but Kiwi failed to get the memo and dropped like a rock instead. What’s up with that?!

The Greenback extended its reign in the forex kingdom during the New York session while commodity currencies returned some of their recent winnings.

The Greenback is the one currency to rule them all. However, the Swissy gave the Greenback a run for its money. The pound, meanwhile, was swamped by sellers across the board.

Rising bond yields, rate hike expectations, and fading trade war fears kept pushed the Greenback as one of the strongest performers last week. Will it go for two this week?

Oil prices and pre-emptive positioning made up most of the Loonie’s volatility last week. Does this mean it would be influenced by top-tier reports this week?

There were no fresh catalysts during the Asian session, so market players focused on pricing in last week’s movers and a couple of headlines from the weekend.