OVERVIEW
- EUR weaker after ECB policymaker’s comments and inflation.
- GBP hit a fresh high overnight.
- USD soft despite strong industrial production and housing data.
- Bitcoin slump continues, and its value is now half of its peak last month.
HIGHLIGHT
The Canadian Dollar saw some wild swings as the Bank of Canada announced it was raising rates as expected to 1.25%. After initially strengthening, it then fell sharply as the statement signaled a very gradual approach to further tightening.