Market events from overnight - ANZ

Analysts at ANZ explained the key events overnight.

Key Quotes:

"EUR/USD initially sold off on the back of dovish comments from ECB President Draghi and chief economist Praet in what appeared to be a co-ordinated effort to dampen expectations about an early end to the ECB’s planned monetary easing. However, this weakness didn’t extend ahead of President Trump’s meeting with China’s President Xi and the March US non-farm payroll report."

"Elsewhere in FX markets, CZK experienced moderate volatility after the Czech National Bank ended a 3-year long cap on the koruna, before ending around 1.4% stronger. Equities were mixed on the day with a mixture of small gains and losses seen in Europe, but modest gains seen in ongoing trading across the major US indices. US bond yields rose a tad but remain close to 2017 lows. WTI crude rose nearly 1.0% to around $51.67/bbl. Gold was off a touch, at around $1,252/oz."