The aussie motors right through RBA Deputy Governor Philip Lowe's observation it is...

|By:, SA News Editor

The aussie motors right through RBA Deputy Governor Philip Lowe's observation it is "uncomfortably high." He notes the currency's strength as a reason business confidence isn't picking up despite 175 bps in rate cuts. No doubt helping the aussie overnight was an unexpected drop in the unemployment rate to 5.2%. The aussie +0.4% to $1.0494.