Pip Diddy

Today’s Asian session was rather subdued, with most currency pairs bound in tight ranges for the duration of the session. The only noticeable movers were the Kiwi and the Aussie, with the former showing some weakness while the latter showed signs of strength.

After getting beaten up by its peers in the previous trading sessions, the U.S. dollar was able to get back on its feet thanks to a couple of strong data points and the latest round of developments in Washington.

The pound ruled all during today’s morning London session, thanks to a better-than-expected retail sales report. The pound did have a harder time against the yen and the Swissy, though, likely because of renewed demand for the two safe-havens, given the persistent risk-off vibes.

The Aussie just shrugged off the persistent risk-off vibes during the session, apparently because traders were more focused on Australia’s jobs report. The yen, meanwhile, stopped its advance despite Japan’s better-than-expected GDP report and another round of risk aversion.

Risk aversion kicked into high gear but the U.S. dollar failed to benefit as the spotlight is still on Trump’s intelligence information leak to Russia.

The pound spurted higher during today’s morning London session, thanks to an upbeat jobs report. Meanwhile, the downbeat mood from the earlier Asian session got carried over into the European session and took its toll on the higher-yielding Aussie and Kiwi.

The Aussie was already showing weakness early on. However, the Aussie got another beat-down when Australia released a couple of poor economic reports. Meanwhile, the risk-off vibes gave the safe-havens Swissy and yen a bullish boost.

The dollar was back on the losers’ table even as its other lower-yielding peers were able to benefit from risk-off flows. What’s up with that?!

The euro and the Swissy battled for supremacy during the morning London session, with the euro ultimately coming out on top. The pound tried to join the bullish race as well when the U.K.’s CPI report got released. However, the pound quickly got overran by sellers and ended mostly lower.

Price action was rather choppy during today’s Asian session, with many currency pairs locked in tight ranges. AUD, NZD, and JPY were exceptions, though, since JPY managed to score wins against all its peers. Meanwhile. NZD and AUD both initially climbed higher before retreating later.