US dollar continues to slide into month end - ANZ

Analysts at ANZ explained that the US dollar’s downtrend extended during the London afternoon as sentiment towards the USD continued to deteriorate at month end. 

Key Quotes:

"US data releases were decent, but the focus remains on the current weak patch in US inflation, messy US politics and the improving euro area backdrop."

"The latter was confirmed by the latest unemployment and inflation data, which confirmed the progressive economic climate."

"Nonetheless, bond yields were little changed, with both US 10-yr (2.29%) and German 10-yr yields (0.54%) steady."

"Equities were mixed, with euro area bourses underperforming, likely reflecting EUR strength. The DAX fell 0.4%. At 7am NZT the S&P 500 was flat but the DJIA was up ~0.3%."

"WTI oil rose back above $50/bbl, lifting 1.0% to $50.2/bbl. Gold was little changed at $1268 oz."