AUD review

The Aussie dollar held firm and within pennies of three-month highs against its U.S. counterpart after a quarterly message from the Reserve Bank of Australia was mum on whether the bank was done cutting interest rates. 

The RBA lowered its forecast for both growth and inflation this year but it stopped short of intimating an easing bias. The bank this week cut its key rate to fresh lows of 2 percent but its vague statement suggested it had adopted more of a neutral stance on rates.