#Australia cut interest rates to record low; tries to ease pressure from a strong currency. #RBA pic.twitter.com/G3rAPvV628
— Francine Lacqua (@flacqua) May 5, 2015
Won't "help" in that regard imo.Additional fiscal drag on the way for Australia which is a perennial net importer.
May have the opposite of intended effect on the AUD if external entities lower their prices in AUD terms in order to maintain sales volumes to a now more austere Australian economy.
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