ForexMedium•29 September 2026•
1 min read
Lagarde Comments Weigh on Euro; RBA Hike Pressures AUD
Key Facts
1Dovish comments from ECB President Christine Lagarde have tilted risks for EUR/USD back to the downside.
2The RBA delivered an expected rate hike but pressured the AUD by revealing it had considered holding rates steady.
Dovish comments from ECB President Christine Lagarde have tilted risks for EUR/USD back to the downside. ING reported that Lagarde's cautious rhetoric, combined with geopolitical developments in the Gulf, has renewed selling pressure on the European currency.
The Reserve Bank of Australia delivered an expected rate hike to 4.60% on September 29, 2026, but the AUD weakened after the bank revealed it had considered holding rates steady. Governor Michele Bullock stated that policymakers discussed a pause due to risks in the housing market and a potential global economic slowdown.