In a week with little heavy hitting economic releases the major currencies were driven by the Central Banks. Led by central bankers in the EU, UK and Canada, the hawkish tone across these regions signals the potential wind back of accommodative monetary support. Proving to be a catalyst in overnight markets, momentum really kicked off during the European trading session with ECB president Draghi delivering a speech with a mostly positive tone sending the Euro to a fresh 2017 high against the Greenback. Opening this morning at 1.1376, the markets continue to be bullish on the Euro despite the ECB suggesting markets misjudged Draghi’s speech. Across the channel, the Bank of England’s Governor Carney released a speech which markets have interpreted as primarily hawkish, back flipping on last weeks’ missive and sending the GBP higher. The positive comments coming from Europe led to the American dollar and Japanese Yen being the worst performers during the overnight session. The US Dollar Index (DXY), a measure of the dollar against a basket of currencies fell 0.39% and closed at 96.021. In JPY news, the USD/JPY currently trades at 112.28, having oscillated between a daily high of 112.34 and a low of 112.24. Markets now turn to economic data releases in the US to close out the week with GDP and Unemployment Claims being released during the American session tonight.