Daily Report: Aussie Stays Soft as RBA Left Door Open for Rate Cut

Aussie stays soft in tight range against dollar in Asian session after RBA signaled in its meeting minutes that the door is still open for further interest rate cut. The central bank noted that "given the substantial degree of policy stimulus that had been imparted, it was prudent to hold the cash rate steady. " However, the board won't "close off the possibility of reducing it further should … [Read more...]