The Australian Dollar spiked down as the RBA Governor opened his Parliamentary remarks by saying record low rates could yet be reduced.
The Reserve Bank of Australia has cut interest rates aggressively even as it has wondered about the effectiveness of such a move.
The Australian Dollar got a lift after the RBA Governor pointed to some of the difficulties apparent in a world where everyone is lowering interest rates
The Australian Dollar rose initially after the Official Cash Rate was left on hold at 1.50% as had been very widely expected. RBA Governor Philip