Moving nicely higher on an otherwise quiet day in currencies is the aussie (FXA +0.7%) after a...

|By:, SA News Editor

Moving nicely higher on an otherwise quiet day in currencies is the aussie (FXA +0.7%) after a strong consumer confidence print trims expectations for another RBA rate cut in August. The RBA has moved aggressively, cutting 125 basis points since November, but paused in July.