Pip Diddy

Concerns over the yuan and possibly a weak NFP report weighed on risk appetite, enabling the dollar to recoup some of its losses from the previous trading sessions.

Another day, another loss! The Greenback took another hit from its rivals after leading jobs indicators hinted of a downside NFP surprise.

Risk aversion was apparently the dominant sentiment during today’s morning London session, so the higher-yielding Kiwi got slapped lower. The Greenback and the pound, meanwhile, were in recovery mode after getting pummeled by sellers earlier.

The Greenback was the biggest loser of the trading session, as Asian session forex traders priced in the Fed’s less-hawkish-than-expected meeting minutes.

Looks like the FOMC members weren’t all that hawkish! The minutes of their December meeting dragged the dollar down when it highlighted the split among policymakers.

Another round of rallying commodity prices meant that the comdolls were in demand, particularly the Loonie. Returning risk-off vibes, meanwhile, kept the yen supported.

Forex price action was a mixed bag of nuts, as Japanese and New Zealand traders traded headlines from the past couple of days.

The Greenback’s performance was way better than Mariah Carey’s New Year’s Eve number as the currency hit all the high notes with ease.

Greenback domination was the main theme of today’s morning London session. However, the pound gave the Greenback a hard time, thanks to an unexpected jump in the U.K.’s manufacturing PMI reading.

Risk appetite was the name of the game during the Asian session, as China printed better-than-expected factory numbers and Asian session traders tracked their European counterparts.