The aussie tumbles from 6-month highs after the RBA cuts its outlook for inflation and GDP...

|By:, SA News Editor

The aussie tumbles from 6-month highs after the RBA cuts its outlook for inflation and GDP growth. The currency rallied earlier in the week after the central bank unexpectedly did not cut interest rates, but today's statement (.pdf) shows it a bit less sanguine than expected about the economy. The aussie -0.9%, buying $1.0690. Sydney -0.8%.