Credit Agricole CIB FX Strategy Research discusses the impact of the recent hawkish shift in Central Banks stance on the major currencies in the FX markets. "Hawkish overtones from the ECB, BoE and BoC have served as a wakeup call for the FX markets, highlighting the risk that the concerted removal of monetary stimulus could lead to tighter financial conditions before long. "USD was among the biggest victimsas a result, notwithstanding the Fed’s steadfast hawkishness of late. Lingering political deadlock in Washington DC and underwhelming US data has likely added to USD headwinds. EUR could remain the biggest ... (full story)