Pip Diddy

The dollar was king of pips during the U.S. session, as comments from the U.S. Treasury Secretary restored some confidence in the markets.

Europe is closed for the Easter Monday holiday, so trading conditions were a bit tight. Today’s morning London session wasn’t a complete snooze fest, though, since the Kiwi showed some directional movement throughout the session.

Asian session traders caught up to the anti-dollar sentiment from the previous week, so the yen became the strongest contender amidst the risk aversion in the market.

The yen just steamrolled its forex rivals this week. Meanwhile, the Greenback got whupped, since it lost out to everything else. So, what was driving price action on these currencies? And how did the other currencies fare this week? Well, time to find out!

The pound found some buyers after the latest U.K. jobs report got released. The Kiwi, meanwhile, was on the defensive yet again, likely because of the returning risk-off vibes.

China, Japan, and Australia all printed economic reports, but that didn’t stop Asian session forex traders from picking up where their U.S. counterparts left off and pushed JPY even higher.

Rising geopolitical tensions among the world’s major military forces sent traders into the arms of low-yielding bets. Oil bucked the trend, however, thanks to a one-two punch of news updates.

The European currencies (EUR, GBP, & CHF) were fighting it out for the honor of being the one currency to rule them all during the morning London session. Meanwhile, the Kiwi quietly extended its losses.

The dollar lost some of its shine during the Asian session, as forex traders continued to price in the U.S. possibly making missiles rain on Syria and North Korea.

The start of a shortened trading week might have kept U.S. equities traders on the sidelines, but that didn’t stop dollar traders from making their moves!