ECB was the last straw, AUD’s hold onto 70 slipping

Posted on March 12th, 2019

While the downgrades to the ECB outlook may not have been unexpected, they appear to have been viewed as the last straw for EUR bulls.  EUR has failed to respond to lower US rates in recent months or a moderate recovery in global risk appetite.  An expectation that ECB rates policy normalisation may take much […]