Another mixed session, but one where we saw the USD making fresh gains, but halted by a softer than expected CPI read for March. In the past week or so, Fed speakers have alluded to the improving inflation outlook, but the yoy rate softened from 1.0% to 0.9% to put a dampener on the moves seen this week. EUR/USD has extended the downside in the meantime to 1.1232, but the upturn did managed to hold off a 1.1300 return. USD/JPY resistance was touted at 109.60 and duly held, but pullbacks have been well contained as yet, but choppy stocks make this an uncomfortable return to 110.00, if indeed we make it there! AUD has been the star performer of the day, pushing through recent highs at .7721, but modestly so as yet; topping out at .7736. NZD has been lagging after the overnight hit on news that the RBNZ confirms the March rate cut was leaked, and has seen very little movement on the day. The main event in early London was BoE meeting, though ahead of this, media sources suggested 2 members were strongly considering a rate cut. This proved unfounded as the vote revealed a 9-0 maintained, though Brexit concerns were voiced to keep GBP from rallying to any notable degree. USD/CAD looks to have found a near term base in the mid 1.2700’s, and as many have anticipated, the Doha meeting this weekend will curb any further CAD strength as yet, though Oil prices remain buoyant in the meantime.