Major overnight headlines:
• ECB’s Draghi says ECB ready to act, ECB has “numerous” policy measures at hand, Thomson Reuters
• ECB’s Draghi says ECB is “far from exit”, Bloomberg
• G8 backs “Abenomics”, expresses concern about Japan’s fiscal policy, Bloomberg
• EU-27 new car registrations match 1993 low in May
• RBA minutes: inflation outlook provides scope for further easing, AUD could fall more in-line with terms of trade, Bloomberg
• UK CPI at 2.7% y/y in May versus a reading of 2.6% expected, 2.4% previously
• German ZEW Economic Sentiment Index at 38.5 in June versus 38.1 expected, 36.4 previously
Read the full report: FX Daily
BMO