Pip Diddy

Last week the yen clobbered its counterparts when the BOJ made teeny tiny changes to its bond purchases. Which themes can move the low-yielding currency this week?

No major news from New Zealand this week, so we have to pay closer attention to trends for Kiwi’s major counterparts. Which events should we watch out for?

A lot of the Aussie’s moves last week centered around economic releases, so y’all better pay attention to this week’s lineup! Here’s what’s up for the comdoll.

The morning London session saw a battle royale between the pound, the euro, and the Swissy. There can be only one champion, however. And in the end, it was the pound that came out on top.

The Aussie and Kiwi initially shot higher on China’s strong trade data, but soon gave up most of their session gains when traders took a closer look at imports.

Euro strength was still the name of the game for the first few hours of the New York session before profit-taking led to dips. The spotlight then turned to the dollar when PPI figures fell short of estimates and spurred weaker CPI expectations.

EUR was a net loser for most of the session but quickly began to dominate when the minutes of the ECB’s latest huddle were released. EUR wasn’t the only beneficiary of the ECB minutes, though, since CHF also got a lift.

Australia’s retail sales report boosted the Aussie across the board, while yen crosses and dollar pairs recover on a bit of profit-taking from yesterday’s moves.

Well, that was fun while it lasted! U.S. equities took a break from their rallies on China’s hints about trimming its Treasury holdings and NAFTA came back in the picture.

The Greenback got hit hard and was the main loser, not just of the morning London session, but of the day as well when rumors made the rounds that China may supposedly slow or even stop buying U.S. treasuries.