Pip Diddy

Lots of volatility ahead of the FOMC minutes, but not much in terms of clear directional movement. USD and AUD were clear exception, though.

Risk aversion was the name of the game during the Asian session, as traders priced in escalating tensions between North Korea and the U.S.

The Greenback was able to chalk up small gains against some of its peers even with most traders out on a holiday while Loonie bulls seemed unstoppable in their charge.

Trading conditions tightened but CAD demand was notable. JPY and CHF, meanwhile, got kicked lower.

A not-so-hawkish RBA statement spelled trouble for the Aussie, while overall risk aversion boosted the yen across the board.

New York session traders seemed to be in a jolly mood with the Fourth of July holiday coming up as they allowed the Greenback to recover against most of its peers.

Lots of action in today’s morning London session, with CAD showing strength and JPY and GBP both taking hits.

It might be manufacturing PMI day for Japan, Australia, and China, but a lot of other factors moved the major currencies.

The yen got whupped hard this week while the pound dominated. So, what drove price action? And how did the other currencies fare?

NZD got a bullish boost, very likely because of the returning risk-on vibes. GBP, meanwhile, encountered sellers when the U.K.’s GDP report got released.