Pip Diddy

The dollar and euro extended their trends from the previous trading session, while fresh data sent the comdolls higher.

Head honcho Draghi wasn’t exactly the cheeriest of fellas during the ECB presser but the euro managed to stay resilient. The Greenback, on the other hand, ended the day in the red.

EUR was higher ahead of the ECB presser, although it did give back some of its gains when the ECB failed to surprise. USD, meanwhile, was under bearish pressure.

Price action was mostly subdued ahead of the ECB’s policy decision though weak Australian reports knocked Aussie lower.

The Loonie was the star of the show thanks to the BOC’s decision to hike interest rates, which took several market watchers by surprise.

Trading conditions were rather tight during today’s session. GBP was on the move, though, since it swung higher across the board.

With not a lot of major data on the docket, Asian session traders focused on risks from North Korea and a bit of profit-taking.

Several market themes stayed in play as New York session traders returned to their desks after the long weekend, but U.S. stocks and the dollar were on the losing end.

Lots of themes were playing out during the session, but the ones that stood out were pound and Kiwi strength, as well as the Swissy’s severe weakness. 

A GDP-related report boosted the Aussie across the board while North Korea jitters weighed on the dollar against low-yielding currencies.