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