Strong dollar sees EUR sink towards 1.08 as headwinds grow

Overnight Headlines *China service sector activity suffers deepest contraction in two years *Asian equities fall on rising inflation and China lockdowns *Dollar, yields rise to multi-year highs after hawkish Fed comments *Oil extends losses and slides on higher dollar, build …

Hawkish tilt by the RBA boosts the aussie

Overnight Headlines *RBA leave cash rate unchanged as expected, opens door for rate hike *BoJ’s Kuroda: Pick-up in inflation may hurt economy, pledges easy policy *Euro stuck near one-week low amid talk of more sanctions against Moscow * Asian stocks …

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