Silver

A bit of risk-taking returned during the New York trading session, allowing the Canadian dollar to hold on to its gains and forcing the yen to fall back. 

Risk-taking was the name of the game in Europe so the Kiwi and Aussie were able to extend their gains while the safe-haven yen was kicked even lower. The euro, meanwhile, was in demand despite the rejection of Italy’s budget.

The European currencies were the top-performers of the morning London session, with the safe-haven Swissy in the lead, the pound in second place, and the euro in third place.

Trading conditions were still relatively subdued during the London session. However, the session wasn’t a complete snooze fest since some themes were playing out, namely USD strength and AUD weakness.

The pound and the yen battled for supremacy during the session, with the pound coming out on top. Trade-related concerns, meanwhile, continued to weigh on the comdolls, with the Aussie getting the worst of it.