Pip Diddy

A couple of positive economic releases weren’t enough to prop up the Greenback, which chalked up yet another losing day to its peers.

There wasn’t much in terms of market-moving news or economic reports during the session. However, some currencies were clearly on the move, with the pound and the Aussie being the most noteworthy.

Risk appetite was the name of the game during the Asian session, though that didn’t stop the low-yielding yen from jumping higher against its major counterparts. What’s up with that?!

Traders still showed no love for the dollar, even on Valentine’s Day no less! Dollar bears painted the town red as U.S. economic reports came in mixed.

JPY was the top currency of the session despite the risk-on vibes. Global bond yields were down, though, and those may have given JPY a boost. Meanwhile, GBP found sellers, even though there weren’t really any apparent catalysts.

With not a lot of fresh catalysts to move the markets, Asian session forex traders turned to individual economic reports for direction.

Wall Street chalked up its third consecutive day in the green, but this did little to shore up the dollar as traders take on more risk. The Loonie was also in a weak spot while the Japanese yen gave back some of its intraday gains.

The U.K.’s CPI readings turned out to be better-than-expected and gave GBP a boost. And while USD weakened further, CAD was actually the worst-performing currency of the session, probably because of falling oil prices.

Risk appetite extended its stay in the financial markets, buoying stocks and commodities higher for the Asian session. Strangely enough, the lower-yielding yen managed to rake in some pips while the euro also advanced.

Wall Street was off to a bit of a slow start as there were no major headlines or economic catalysts. Higher-yielders slowly crawled their way back up from last week’s sharp falls while the safe-haven dollar gave up some ground.