Not much else is happening as we await the ECB meeting later
The moves are not exceptionally large, but pressure is being put back on commodity currencies as the dollar is gaining traction among hte major bloc.
EUR/USD and cable are both touching session lows of 1.2385 and 1.3873 respectively at the moment. Meanwhile, USD/JPY is back up to 106.11 and USD/CAD is up to 1.2924.
AUD/USD and NZD/USD are both at session lows with the former threatening to break below 0.7800 again.
The trade is a lot to do with flows right now as there is no data or headlines of note in a quiet morning here in European trading. The market is just awaiting the ECB meeting later, and it could be some position taking/squaring ahead of the risk event to come.
The dollar is topping the major bloc at the moment
