Pip Diddy

Choppy session today, but GBP was on the move since it was kicked lower when U.K. wage growth failed to impress. Meanwhile, CAD was higher and NZD dipped.

Not a lot of market-moving reports printed during the Asian session, so traders focused on extending themes from the previous sessions.

The pound extended its rally from the previous trading session while the Greenback caught up to its lead when U.S. equities soared to new record highs.

The pound was the star of the session thanks to the better-than-expected CPI. The persistent risk-on vibes, meanwhile, continued to to weigh down on the safe-haven currencies.

A lack of major data releases kept Asian session traders in the sidelines though North Korea’s fresh sanctions managed to get some spotlight.

New York session traders woke up on the right side of the bed this Monday, propping U.S. equities and the dollar significantly higher.

Risk-taking persisted during today’s morning London session, which apparently benefited the higher-yielders, especially the Kiwi dollar.

The dollar gained across the board thanks to decreased concerns over a North Korean attack and effects of hurricane Irma on Uncle Sam.

All eyes were on the euro this week, thanks to the ECB statement. However, Greenback bashing was actually this week’s main theme. So, what drove USD lower?

The pound had a really good run during today’s morning London session, apparently because of net positive economic data ahead of next week’s BOE statement.