AUD - The Australian dollar fell while bonds rallied on Thursday, as markets scaled back bets on more aggressive rate hikes from the Reserve Bank of Australia after a speech by governor Lowe opened the door to a slower policy at tightening going forward.
EUR/ECB – The euro held above a twenty-year low on Thursday after the ECB raised interest rates by a record 75 basis points, taking the deposit rate above 0% for the first time since 2012, in an attempt to tame surging inflation. The central bank said it expected to continue raising rates in the foreseeable future to dampen demand as it prioritized the fight against inflation even as the Eurozone heads towards a likely winter recession.
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