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AUD Tumbles on RBA Gov. Lowe’s Remarks, ECB Takes Center Stage

JFD

The Aussie was found lower against all the other G10 currencies this morning, pressured by RBA Gov. Lowe’s remarks that the Bank remains willing to ease further in order to make sure inflation returns to its range. As for today, the spotlight will turn to the ECB decision, where we expect the Bank to lay the groundwork for additional stimulus in September.

RBA Gov. Lowe Sends Aussie Lower, GBP Gains as Johnson Takes Office

The dollar pulled back against most of the other G10 currencies yesterday and during the Asian morning Thursday. It gained only against AUD and EUR in that order, while it traded virtually unchanged versus CAD and JPY. The greenback underperformed the most against SEK, NOK and GBP.

The big loser was the Australian dollar, which came under selling interest overnight after RBA Governor Philip Lowe said that the Bank remains willing to ease further in order to...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/aud-tumbles-on-rba-gov-lowes-remarks-ecb-takes-center-stage-20190725
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