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James GlynnSenior Reporter, The Wall Street Journal

The RBA has signalled it remains open to further cuts to interest rates, saying it has scope to act again if needed.

The dollar was higher today following the budget, which offered few surprises and was favourably received by ratings agencies.

The RBA has lowered its forecasts for growth and inflation, saying uncertainty still hangs over the economic outlook.

The Aussie dollar was slightly stronger against the US dollar today despite news of a rise in the jobless rate in April.

The Australian dollar ended higher today on expectations that the central bank may have come to the end of its easing cycle.

The Aussie dollar was weaker today ahead of a policy meeting of the RBA on Tuesday, the outcome of which remains highly uncertain.

The Aussie dollar is poised to surge back to its highest levels in more than half a year if the RBA fails to deliver a rate cut.

People retiring now have got it much tougher than a decade ago and will need to take more risks, warns the RBA chief.

The dollar approached its highest level in a month today, supported by gains in key commodity prices and broad US dollar weakness.

Comments by RBA governor Glenn Stevens triggered heavy selling of the Aussie after he indicated further rate cuts were possible.