Antipodeans sink as RBA leave rate cut........>

FOREX: Antipodeans sink as RBA leave rate cut clues in statement

-After keeping policy rates unchanged at an all-time low of 1.5%, the AUD dipped

as markets focused on the RBA's affirmation that they would set policy in order

to support "sustainable growth and achieve the inflation target". Given the

current economic dynamics, this was likely a veiled hint that the bank are happy

to cut rates should such a move be warranted. AUD sits alongside NZD at the

bottom of the G10 pile Tuesday.

-Risk appetite is pretty mixed across the board with core Eurozone indices

either lower or unchanged. Equity futures in the US are lower, indicating a

negative open on Wall Street Tuesday. The one outperformer is the UK FTSE-100,

benefiting from the persistent weakness of GBP - GBP/USD sits just below the

$1.3050 handle still after dropping on the lack of progress in UK parliament

late yesterday.

-US February durable goods orders take focus from here. The speakers calendar is

particularly quiet, with focus on any developments in UK parliament as

stand-still gridlock remains.