Pip Diddy

The pound and the yen battled for supremacy during the morning London session. Meanwhile, the euro steadily bled out during course of the session.

The Aussie took some hits during the Asian session after Australia’s headline CPI reports missed expectations. Details of the report, however, don’t bad enough to influence the RBA’s biases.

Just when it seemed as though the weekend gaps were about to get filled, yen pairs resumed their climb to show that risk-on traders are in control. Meanwhile, the Loonie was dragged down as Trump turned his tirade on the Canadian dairy industry.

Today’s early European session was another steady session. Aussie and the Kiwi pairs were an exception, though, since both the Aussie and the Kiwi got dumped at the start of the session. Meanwhile, the pound was range-bound for the most part but got buyers near the end.

The Canadian dollar did a Ke$ha during the Asian session as it went down and while forex traders yelled “timber!” What’s up with that?!

A bit of risk aversion peeked back in the markets, allowing the Greenback and yen to advance despite dovish remarks from FOMC member Kashkari.

Today’s morning London session was apparently a consolidation period, since most currency pairs ended up trading sideways. The Loonie was on the move, though, and easily gave its peers a good stomping.

Thanks to a combination of Macron lead in France’s first round of Presidential elections, low liquidity, and a bit of short squeeze, the euro ended up on top during the Asian session. Here’s what’s up!

The mighty pound crushed all opposition this week, with the Loonie getting the worst of it. Almost everybody already knows why the pound ended up as the one currency to rule them all, but why was the Loonie so weak? And how did the other currencies fare this week, by the way? Time to find out!

The euro and the pound were battling for the (dis)honor of being the worst-performing currency of the morning London session. Meanwhile, the safe-haven yen got some buyers, very likely because of the jitters ahead of the French Presidential elections. Although the fall in bond yields may have been a factor as well.