Pip Diddy

Today’s morning London session was rather quiet for the most part. The only currencies that were really on the move were the pound and the Kiwi, with the pound getting bid higher while the Kiwi got slapped lower.

The dollar started the week on the right side of the charts, as optimism over Trump’s “phenomenal” tax plans and a lack of jawboning over the weekend.

Forex traders went on a Kiwi hunting expedition this week (for the currency, not the bird). As a result, the Kiwi got taken down. Other than that, forex traders also bought up both the Greenback and the pound. So, what drove forex price action? And how did the other currencies fare?

Price action was relatively subdued during today’s morning London session. However, the pound, the Swissy, and the euro were clearly under bearish pressure. The yen, meanwhile, was broadly in demand.

Risk appetite was the name of the game during the Asian forex trading session, thanks to optimism over Trump’s tax plans and a better-than-expected tier 1 report from China.

The lack of top-tier data didn’t hold the U.S. dollar back from soaring up the charts, as it got a strong boost from Trump’s teaser on his tax reform plan.

Like yesterday, there were only a few items on the calendar for the session. Unlike yesterday, however, there was price action aplenty, as the Swissy got dumped while the pound and all the comdolls got bid up, including the Kiwi.

The dollar recouped some of its losses from the previous session, while the New Zealand continued its decline across the board following a dovish RBNZ statement. Here’s what happened during the Asian forex trading session!

The Greenback struggled to establish a clear direction against its forex rivals as comdolls consolidated while sterling pushed higher, but the RBNZ decision did spur some late-session action.

Not much on the docket during today’s morning London session, so forex price action was relatively subdued. The yen was in demand, though, thanks to plunging bond yields. The Loonie, meanwhile, was tracking the recovery in oil prices.