Pip Diddy

The Aussie got another old-fashioned beat-down during today’s Asian session, thanks to yet another drop in iron ore prices. The Loonie got a beating, too, likely because oil extended its losses. The prevalence of risk aversion, meanwhile, gave the safe-haven yen a bullish boost.

The dollar shrugged off upbeat economic reports and the fact that the healthcare bill made it through Congress as it returned most of its post-FOMC gains to its peers.

The European currencies fought bitterly for the honor of being the one currency to rule them all during the session, with the euro ultimately emerging victorious. Meanwhile, yen bulls got roasted as the risk-on vibes applied some bearish BBQ sauce, er, I meant pressure on the yen.

Price action was rather muted during today’s Asia session, although the Aussie was an exception yet again since it was broadly sliding lower. This time, however, the Kiwi decided to join the Aussie in its misery.

The Greenback must be enjoying Star Wars day as the bullish Force was stronger after the Fed stayed confident about their upbeat economic outlook while the U.S. economy printed strong leading jobs indicators.

The Kiwi and the Aussie were in retreat during the morning London session while the Swissy was broadly in demand. Strangely enough, there were no direct catalysts for all three currencies, but the risk-off vibes ahead of the FOMC statement may have been a factor.

Price action was relatively tight on most pairs during today’s Asian session. The same can’t be said for Aussie pairs, though, since the Aussie was under bearish pressure throughout the session. The pound was also an exception, although pound pairs only began bustin’ the moves later (and without any apparent catalysts).

There wasn’t much in terms of top-tier data from Uncle Sam, so traders turned their attention to other market updates and oil-related remarks from Saudi Arabia.

Today’s morning London session was rather choppy, with many pairs trading sideways throughout the session. However, the pound was a very clear exception since it jumped higher across the board when the U.K.’s manufacturing PMI reading beat expectations.

The Aussie was well-supported for most of the session, although signs of selling pressure began to show up near the end. The yen, meanwhile, was mixed for most of the session, but got kicked lower across the board near the end.