Pip Diddy

All eyes and ears were on the Bank of Canada, which announced its decision to keep rates steady at 1.00% while signaling weaker prospects for a December hike.

GBP crushed all opposition during today’s morning London session. The risk-on vibes, meanwhile, meant that JPY and CHF were particularly vulnerable to the pound’s onslaught.

With not a lot to process today, Asian session forex traders got busy pricing in Australia’s weaker-than-expected CPI report.

A bit of opposition for Trump’s tax plan in Senate dampened the dollar’s spirits early in the session, but the currency quickly recovered when Republicans threw their support for Taylor as next Fed head.

EUR and USD fought it out during today’s morning London session, with EUR coming out on top. GBP, meanwhile, was feeling a bit under the weather and returned its earlier gains.

No major reports? No problem! Today Asian session forex traders turned their attention to New Zealand’s new government and the next Fed Chairman.

The New York trading session was still a relatively quiet one since there were no major events on deck, but some risk-off flows turned up before the closing bell.

Not much on the docket during today’s morning London session. Even so, there was action aplenty since USD caught a bid while CHF suffered as JPY steadied.

With not a lot of data to price in, Asian session traders focused on the Japanese election results and overall risk appetite.

Kiwi bashing and Greenback strength were the main themes this week. But what drove price action? And how about the other currencies? How did they fare? Well, its time to find out in today’s weekly recap!