AUD/USD down 0.2% heading into Europe after whippy 0.7248-0.7160 Asia range

Fails to hold on to gains made after RBA raised rates 50 bps nL1N2XU081

RBA's hefty hike and hawkish tone accentuates global inflation fears

Bonds, stocks sold further; ASX 200 down 1.45%, U.S. 10-year yield inches up

Focus turns to ECB meeting Thursday and U.S. CPI Friday

Support 0.714-50, 0.7110, resistance 0.7220-25, 0.7245-50

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