The dollar took it on the chin in N.Y. trade on Wednesday, taking the DXY to one-week lows of 93.44. Hawkish ECB speak from Coeure, who hinted at an end to QE in September next year. In addition, FX market jitters over Yellen comments on low inflation dented the dollar. EUR-USD topped at 1.1798 after opening under 1.1740. USD-JPY printed near two-month lows of 111.51, slicing through its 200-day moving average in the process. USD-CAD remained heavy as WTI crude make two-plus year highs over $58. Cable meanwhile, was dragged higher by EUR-USD, topping at 1.3300.
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