Overnight market's action snapshot - ANZ

Analysts at ANZ offered a quick snapshot at global markets overnight.

Key Quotes:

"CURRENCY: The USD was stronger overnight, with USD/JPY following long end yields higher. It was a volatile night for GBP. After initially spiking higher on the better than expected GDP print, it ultimately traded around post-Brexit lows. SEK was a notable underperformer after the central bank signalled further easing. The AUD ground lower, continuing the theme from the Asia session, but the AUD more broadly remains stuck in tight ranges. Tonight, US GDP data will be closely watched.

RATES: Global rates markets sold off again overnight with yields up 5-10bp and curves steepening. We expect the market to continue to move in this pattern.

COMMODITIES: Gold prices remain range-bound, with all eyes on Fed movements."