The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. The RBA maintained the cash rate at 4.35% at the March 19th meeting. This marked the third straight time that the RBA paused. This move was expected and what was of more interest to traders was the slight change in language in the rate statement. The February statement said that “a further increase in interest rates cannot be ruled out” and this was changed to the “Board is not ruling ... (full story)