Pip Diddy

The dollar continued to clobber its major counterparts, as a lack of new economic releases inspired Asian session forex traders to extend moves from the previous session.

Volatility picked up for euro and franc pairs as soon as Governor Draghi grabbed the mic while the Greenback managed to squeeze out some gains.

The ECB monetary policy event had traders mostly sitting on the sidelines during the morning London session, with exception to a little action from U.K. Retail Sales.

The Aussie was the bad hombre during the Asian session, as it gained lost pips on the back of weak Australian data.

The Loonie stole the forex show when the BOC made its interest rate statement while the euro and pound tumbled on “hard Brexit” expectations.

Wonky price action during the morning London session, but oil moves and risk aversion sentiment was able to give us some direction in the currency markets.

Forex traders were deep in Chopsville during the Asian session, as they priced in China’s data dump and a bit of dollar weakness.

Dollar bulls weren’t so impressed by the latest set of U.S. CPI figures so the Greenback struggled to hold on to its recent gains but failed against the pound.

FX volatility was mainly in the British pound this morning, likely on the latest inflation situation updates, but we also saw moves in the euro and comdolls to give traders fresh opportunities.

A bit of profit-taking and a couple of better-than-expected economic releases dragged the dollar lower across the board.