Pip Diddy

All was quiet in the forex front, likely because traders were hunkering down for the NFP report. It wasn’t a complete snooze fest, though, since GBP returned its gains and was broadly lower. NZD, meanwhile, was nudged higher across the board.

It was all good in the forex hood today, as the U.S. averts a government shutdown while overall risk appetite boosted the higher-yielding currencies.

The Greenback carried on with its positive momentum from earlier in the day while sterling was boosted by a glimmer of hope for a Brexit deal.

USD extended its gains during the session. USD strength wasn’t the only theme that continued to play out, though, since AUD and NZD both extended their losses, with AUD getting the worse of it.

A lack of economic reports didn’t stop Asian session forex traders from getting busy today, as they pushed the dollar higher while dragging comdolls lower.

All eyes and ears were on the BOC statement, and it appears that most Loonie traders were disappointed by the central bank’s cautious tone.

GBP weakness was the name of the game during today’s morning London session. However, that wasn’t the only game in town since CAD strength and AUD recovery were also noticeable themes.

With not a lot of major data on the docket, Asian session forex traders focused on Australia’s weak GDP report and concerns over a possible U.S. government shutdown.

The Greenback had a rough day and so did the rest of Wall Street as Uncle Sam’s numbers all came in the red.

Oil was in the red, but CAD somehow got bid higher. GBP, meanwhile, extended its losses in the wake of yesterday’s disappointing news that Theresa May failed to hammer out a deal. The pound’s slide slowed, though.