EUR/USD drifts to 1.1365 from a high of 1.1445.
The euro had already slipped back ahead of comments from Draghi. It fell an additional 10 pips when his comments crossed the wires. Specifically, reiterating the pledge to complete the QE program in full weighed on the euro.
The driver in bonds right now is the bond market. Yields initially fell yesterday on soft US retail sales but they sooner reversed and continued to soar but today there is a slight bid in bonds, pushing yields solidly lower.
