Overnight Risk Appetite Reversed as Stocks Slide in NY Trading

AUS - RBA Holds Rates Steady We begin with some news from the Asian session. The Reserve Bank of Australia kept interest rates at 3% for a third month, as the country’s low interest rates and government handouts have bolstered consumer spending, helping Australia avoid a recession by growing in the 1st quarter. Still, the bank said with inflation low, there is still “some scope for further easing of monetary policy, if needed.” AUD/JPY - Aussie Gives Up Earlier Gains as