Pip Diddy

Sterling has been gaining ground on the success of the U.K. vaccine rollout, but will upcoming data shake things up? 

Not a lot of top-tier releases from Japan this week, which means that yen traders will likely take their cues from market risk sentiment.

We only have mid-tier data to look forward to in the Land Down Under, but that doesn’t mean we’ll see snoozers on the Aussie’s charts.

The RBNZ is up this week! Will the central bank’s sentiments extend the Kiwi’s rally?

USD was net red once again, despite a valiant effort from Dollar bulls on rising inflation/rates speculation, eventually falling on rising risk-on sentiment on pandemic recovery hopes.

GBP continued its rebound this week off of improving COVID numbers in the U.K. & comments from Bank of England members toning down negative rate speculation.

Traders were moving away from low-yielders/safe havens as the pandemic recovery trade continued, the likely main driver for net losses in both the euro & Swiss franc.

Loonie price action was mostly choppy as traders balanced a broad risk-on lean vs. mixed but arguably net negative Canadian economic updates. 

It was a mostly uneventful week for the Kiwi, but the bulls were able to manage solid gains against most of the majors going into the weekend.

The Aussie dollar takes the top spot once again, continuing its domination of the other majors during the pandemic recovery environment.