Pip Diddy

What a turnaround for U.S. markets! The Greenback erased its losses from earlier in the day as investors tried to see the silver lining to Trump’s win.

The global markets initially reeled from the news of Trump’s victory over Clinton, but there were signs that wounds were already being licked. The Greenback, for one, was able to recover some poise.

Risk aversion was the name of the game during the Asian session, as forex traders price in a possible Trump win in the U.S. Presidential elections. Here’s what’s up!

The Greenback was all over the place in the calm before the storm, as forex junkies were biting their nails while waiting for the results, while the comdolls enjoyed risk-on vibes.

Trading conditions were a bit tight during the morning London session, probably because traders were hunkering down for the U.S. presidential elections. There was some noticeable demand for the Greenback, though.

Ho-hum. Forex price action was as tight as the U.S. Presidential elections, as market players trade cautiously ahead of the anticipated U.S. event.

All eyes and ears are on the U.S. elections this week, allowing the Greenback to advance despite the lack of top-tier data.

Profit-taking now appears to be the name of the game in the forex market, as the higher-yielders and the Greenback gave back earlier gains while safe-havens found support despite the prevalence of risk-appetite in other markets.

Risk appetite was the name of the game during the Asian session, as the FBI cleared Clinton’s emails and oil prices rose on news of an earthquake.

There were lots of themes in play this week, with Loonie and Greenback weakness, as well as pound strength being the main ones. So, what was driving forex price action on these and the other currencies this week?