Pip Diddy

There were some rather wonky price action during today’s morning London session, since the safe-havens were in demand despite the rally in both commodities and European equities.

Risk-taking was the name of the game during the Asian session, as the Greenback gave up some of its gains from the U.S. session. Read on to see the biggest forex movers!

No data? No problem! Dollar bulls came out to play as risk aversion dominated the forex scene.

The pound got torpedoed during the session, thanks to the miss in CPI readings. Meanwhile, the return of risk appetite weighed heavily on the safe-haven currencies, particularly the yen.

Forex volatility was concentrated on the yen crosses despite data dumps from both China and Australia. What’s up with that?!

The U.S. dollar returned some of its recent wins after an FOMC member’s testimony cast doubts on a September rate hike once more. Will they or won’t they?

There was a three-way race between the safe-haven currencies, thanks to another intense bout of risk aversion during the session. However, the pound later joined the race, and even managed to finish second after the yen.

Ho-hum. Asian session forex traders saw a pretty tight start to the trading week, as a lack of economic releases and catalysts limited volatility in the charts.

Yen strength and Loonie weakness were the main themes last week. So, what was driving price action for these and the other currencies?

Risk aversion was the name of the game during the session, so the higher-yielders got slapped lower while the safe-havens got some buyers. The yen began marching to the tune of a different drummer near the end of the session, though.