USD was ultimately lower on Wednesday after a rollercoaster of a session. Broad risk-on sentiment early on saw the Dollar Index (DXY) plummet to hit a low of 102.77 until strong S&P Global Flash PMIs coupled with souring risk sentiment after a dismal US 5yr auction saw a sharp turn-around. DXY retaking the 103 handle at session end, with the 50% Fib resistance the level to watch on the upside. {chart} CAD was under pressure with steep losses against all majors in the aftermath of the BoC rate decision. The Bank of Canada held rates at 5.0% as expected but the Bank’s decision to omit language that it is prepared to ... (full story)