Pip Diddy

The euro and the Swissy both slumped hard across the board during today’s morning London session. Meanwhile, the Greenback was in recovery mode and the safe-haven yen got bid even higher.

Asian bourses started the week on the wrong side of the charts, as forex traders caught up to last Friday’s U.S. GDP report and Trump’s latest immigration-related orders.

The pound inflicted another round of pounding against its forex rivals this week, with the yen getting the brunt of it. Meanwhile, the Kiwi and the Loonie were in high demand. What’s up with all that? And how did the other currencies fare this week? Time to find out!

There was volatility aplenty during today’s morning London session. However, directional movement left a lot to be desired, since many pairs were trading sideways. The pound was an exception, though, since it was experiencing broad-based weakness.

The yen fired up the pip streets during the Asian forex trading session, as traders priced in the BOJ’s surprise increase in bond purchases and a strong CPI report from Japan.

Not even a couple of downbeat reports could keep the dollar down in the latest New York session, as talks of financial deregulation gave the currency a boost.

The safe-haven Swissy surged during today’s morning London session, even though risk appetite was the dominant sentiment. The pound and the yen, meanwhile, got a severe beat-down.

The Greenback continued to take hits from its major counterparts, as Asian session traders priced in the overall risk appetite and concerns over the Trump administration’s currency biases.

The Greenback scored a positive day after Trump’s first couple of days in office went by without a glitch and U.S. equity indices soared to record highs.

U.S. equity indices surged to new record highs as the Trump team published its infrastructure priority list, but the Greenback was unable to participate in the rallies.