The Australian dollar is hammered - off 1.1% against the greenback - after the RBA cut rates by...

|By:, SA News Editor

The Australian dollar is hammered - off 1.1% against the greenback - after the RBA cut rates by a greater-than-expected 50 basis points overnight. The central bank's statement is notable for its emphasis on Europe, not China, as a threat to the Aussie economy. Sydney +0.8%.