- The Reserve Bank of Australia cut its benchmark interest rate overnight by 25 basis points to a fresh record low of 1.50% amid signs of slowing economic growth and persistently low inflation.
- "This is expected to remain the case for some time," the RBA said in a statement. The Aussie slumped after the rate cut, while Australian equities remained in negative territory.
- ETFs: FXA, EWA, IAF, AUSE, CROC, KROO, EWAS, FAUS, QAUS, HAUD, DBAU