Overnight risk mood dims with the US Dollar bouncing back.
Following the RBA hike of 25 points Tuesday to 3.35% Lowe expects a further 2 interest rate rises in the coming months.
Bank of England’s Bailey expects inflation to come down fast this year, but further rate hikes are on the agenda.
The Bank of England hiked interest rates 50 points to 4.0% with the voting 7-2 in favour and the central bank indicating inflation has turned.
Hong Kong central bank raised its base rate to 5.0% up 25 points.
New Zealand Building Permits for December was down -7.2% m/m, prior +6.7%.
Australian Building Approvals up 18.5% month on month against 1% expected – November was -9.0%
The US Dollar (USD) has been the strongest currency this month while the New Zealand Dollar (NZD) has been the worst performer.