Global FX Daily – EURUSD maintains the 1.05 level after US inflation data and ahead of the ECB decision

- SNB to cut rates again amid concerns about the CHF’s strength
- CAD strengthens as the BoC softens tone after second consecutive 50bp cut
- Brazil’s Copom hikes the Selic rate by 100bp to 12.25%, commits to 200bp more; positive for the BRL
- The BCRP may remain on hold on Thursday as it slows normalisation with rates close to neutral