European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday, “I'm still cautious, following all data available.”
The Greenback retreated further and slipped back to levels last seen in March 2022 as fears over the Fed’s independence weighed heavily on investors’ sentiment while traders geared up for the release of extra inflation data on Friday.
The yen and antipodeans are most under pressure at the time of writing, but it was EUR and SEK that initially took the biggest hits in G10 as markets reopened, which could signal they’re the two G10 currencies most vulnerable to further meaningful geopolitical escalation, ING's FX analyst Francesco