Australian Rates

#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.