OVERVIEW
- USD gaining across the board on reports that Trump is leaning towards a hawkish Fed Chair candidate.
- GBP under pressure as two new members of BoE are not ready to back a rate hike yet despite inflation remaining at 5-year high.
- EUR soft despite rise in German investor morale, inflation still below ECB’s target.
- EU continues to push UK for more concessions in Brexit negotiations.
- AUD is fairing well, limited reaction to upbeat RBA minutes.