Pip Diddy

There were a lot of themes during this trading week, but there was a clear divide between the higher-yielding comdolls and the lower-yielding currencies. Time to find out what drove forex price action this week!

Risk aversion prevailed during the morning London forex session, so the lower-yielding currencies went forth to do battle against the higher-yielders, with the safe-haven yen emerging as this session’s champion.

Forex trading was a mixed bag of nuts, as the Greenback gained on its European and lower-yielding counterparts but lost to the comdolls. What’s up with that?!

Dollar pairs took a break from making big moves across the charts, as traders might be lightening up on their positions to avoid weekend risk.

Trading conditions were rather tight during the morning London forex session, with the Aussie being the only clear mover. Forex traders had their eyes on the pound as well, but the BOE’s rate decision turned out to be a dud.

The dollar dominated its counterparts again during the Asian session thanks to a mix of economic news and reports. Here’s what you need to know.

I’m seeing red! U.S. economic reports printed weaker than expected results but the Greenback seemed to benefit from risk aversion.

Risk appetite was well entrenched during the morning London forex session, so we had another lopsided battle between the lower-yielding currencies and the higher-yielding ones.

Risk on, baby! Thanks to a strong trade balance data from China, the high-yielding currencies had a field day (or session) against their lower-yielding counterparts.

No major reports? No problem! Market junkies turned their attention to oil-related news, still hopeful that an agreement to freeze output will be made.