Diverging central bank moves and renewed geopolitical tensions kept volatility elevated across FX markets. The Fed’s surprise shift in QT (that’s quantitative tightening, NOT cutie) plans and hotter inflation prints in Canada and the U.K. also clashed with the SNB’s rate cut and cautious ECB tone. Meanwhile, tensions in the Middle East and fresh trade risks kept risk sentiment on shaky ground. Here's a summary of the headlines and how the major currencies fared!