Australia dollar slips as RBA cuts rates, warns on global outlook

SYDNEY (Reuters) -The Australian dollar slipped on Tuesday after the country’s central bank cut interest rates as expected while highlighting the economic risks from a global trade war, supporting market wagers for further easing ahead. The Reserve Bank of Australia trimmed its cash rate by 25 basis points to a two-year low of 3.85%, citing progress in reducing inflation and global uncertainty caused by U.S. tariffs. Investors were still looking for at least two more such cuts this year to take rates to between 3.10% and 3.35%, with the RBA itself noting its new economic forecasts had assumed a total reduction of around 85 basis points from 4.10%.Read More