FX markets overnight - ANZ

Analysts at ANZ's "All about FX markets overnight"...

Key Quotes:

"ECB President Draghi gave the EUR another boost with his comments on financial conditions. Although nothing was changed to rates, the asset purchase program, or guidance, his lone comment that financial conditions were still supportive of hitting the inflation target boosted EUR above 1.16. 

News that President Trump and his associate’s business transactions will be investigated added another leg higher to the move, with EUR moving as high as 1.1659. JPY also appreciated, breaking back below 112 and most of the G10 rose. 

Northern hemisphere equities were mixed. US Treasury bond yields fell on the Trump news but have since recovered. The US TIPS auction was dismal, repricing the market’s inflation expectations. 

In addition, the 3 month T-bill has continued to climb higher, signalling worries over the debt ceiling. Oil slipped ~0.5% and gold rose back to ~US$1244/oz."