Pip Diddy

Risk appetite and strong domestic data pushed the Aussie higher last week. Can the Aussie pull another positive week this week?

New Zealand’s GDP is up this week! Will the numbers give Kiwi bulls something to cheer about?

USD was a net loser on light volatility, likely on the continued theme of large monetary policy stimulus & a slight positive lean in risk sentiment on vaccine / recovery speculation.

The British pound was the biggest loser of the week as the odds of a no-deal Brexit rose with each passing day. 

The euro sees red at the Friday close while the Swiss franc beats out most of the major in a subdued week of trading, likely driven by the steady stream of Brexit negotiation developments.

It was a mellow week for Loonie traders as there were few catalysts moving the markets overall. Counter currency moves was the main driver for Loonie pairs, which closed mixed on Friday for a net loss.

The New Zealand dollar beats out most of the majors in a subdued week of trading. It likely benefitted from counter currency weakness and a slight lean towards positive in risk sentiment to close Friday net green.

Volatility was low for the Aussie, but it benefitted from a slight risk-on lean in global sentiment and a net positive round of Australian economic updates to take the top spot at the Friday close. 

The Japanese yen traded sideways with most pops of volatility mainly influenced by the other major currencies and risk sentiment.

The comdolls left the other major currencies eating dust today as commodity prices rocketed. So, with the Brexit deadline looming, will GBP/NZD provide legit opportunities?