RBA’s Lowe: Board is prepared to ease monetary policy further if needed

The Reserve Bank of Australia (RBA) Governor Philip Lowe, during a scheduled speech this Tuesday at an annual public lecture in Canberra, reiterated that the board is prepared to ease monetary policy further if needed. Confident that rate cuts are helping the economy see a gentle turning point in the economic growth, Lowe added further.
 
The comments did little to provide any meaningful impetus to the Australian Dollar, albeit might turn out to be the only factor capping any runaway rally for the AUD/USD major.